2018 Registration document and annual fi nancial report - BNP PARIBAS218
4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial 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 2018
IFRS 9 & IFRS 15 1 January 2018
IFRS 9 & IFRS 15
Debt securities 151,451 148,156
Debt securities in issue with an initial maturity of less than one year 70,077 72,337
Negotiable debt securities 70,077 72,337
Debt securities in issue with an initial maturity of more than one year 81,374 75,819
Negotiable debt securities 50,809 54,756
Bonds 30,565 21,063
Subordinated debt 17,627 15,951
Redeemable subordinated debt (2) 15,876 14,116
Undated subordinated notes 1,515 1,593
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 239 228
BNP Paribas Cardif Nov. 14 EUR 1,000 Nov. -25 4.032%
3-month Euribor
+393 bp D 999 1,000
Others 23 111
Participating notes 222 222
BNP Paribas SA July 84(3) EUR 337 - (4) - 215 215
Others 7 7
Expenses and commission, related debt 14 20
(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 offi cially 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 defi ciency, 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 profi t 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.
