2020 Universal registration document and annual financial report - BNP PARIBAS224
4 Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
➤ DEBT SECURITIES MEASURED AT AMORTISED COST
Issuer/Issue date In millions of euros Currency
Original amount in foreign currency
(millions)
Date of call or interest
step-up Interest rate Interest step-up
Conditions precedent for coupon payment(1) 31 December 2020 31 December 2019
Debt securities 148,303 157,578
Debt securities in issue with an initial maturity of less than one year 48,332 60,905
Negotiable debt securities 48,332 60,905
Debt securities in issue with an initial maturity of more than one year 99,971 96,673
Negotiable debt securities 38,720 45,924
Bonds 61,251 50,749
Subordinated debt 22,474 20,003
Redeemable subordinated debt (2) 20,739 18,242
Undated subordinated notes 1,506 1,526
BNP Paribas SA Oct. 85 EUR 305 - TMO 0.25% - B 254 254
BNP Paribas SA Sept. 86 USD 500 - 6 month-Libor
+0.075% - C 224 244
BNP Paribas Cardif Nov. 14 EUR 1,000 Nov. 25 4.032%
3-month Euribor
+393 bp D 1,000 1,000
Others 28 28
Participating notes 222 222
BNP Paribas SA July 84(3) EUR 337 - (4) - 215 215
Others 7 7
Expenses and commission, related debt 7 13
(1) Conditions precedent for coupon payment B Payment of the interest is mandatory, unless the Board of directors decides to postpone these payments after the Shareholders General Meeting has
officially noted that there is no income available for distribution, where this occurs within the 12-month period preceding the due date for payment of the interest. Interest payments are cumulative and are payable in full once dividend payments resume.
C Payment of the interest is mandatory, unless the Board of directors decides to postpone these payments after the Shareholders General Meeting has validated the decision not to pay out a dividend, where this occurs within the 12-month period preceding the due date for payment of the interest. Interest payments are cumulative and are payable in full once dividend payments resume. The bank has the option of resuming payment of interest arrears, even where no dividend is paid out.
D Payment of the interest is mandatory, except for cases of regulatory deficiency, in agreement with the regulator, or of suspension of payments. Interest payments are cumulative and are payable in full, once coupon payments resume, or, if these events occur before, when the issuance is redeemed or when the issuer is liquidated.
(2) See reference relating to Debt securities at fair value through profit or loss . (3) The participating notes issued by BNP Paribas SA may be repurchased as provided for in the law of 3 January 1983. The number of notes in the market
is 1,434,092. (4) Depending on net income subject to a minimum of 85% of the TMO rate and a maximum of 130% of the TMO rate.
