PDF (3.77 Mo) - Le Crédit Agricole

Crédit Agricole S.A.Update of the 2011 registration document - A035.7 Debt securities and subordinated debt(in millions of euros)Debt securities30/06/2012 31/12/2011Interest bearing notes 246 298Money-market instruments 20,532 6,006Negotiable debt securities 42,969 59,961Bonds (1) 76,156 78,193Other debt securities 4,001 3,862CARRYING AMOUNT 143,904 148,320Subordinated debtFixed-term subordinated debt (2) 20,017 21,304Perpetual subordinated debt (3) 10,199 12,170Mutual security deposits 132 128Participating securities and loans 149 180CARRYING AMOUNT 30,497 33,782(1) Includes issues of covered bonds.(2) Includes issues of redeemable subordinated notes “TSR”.(3) Includes issues of deeply subordinated notes “TSS”, perpetual subordinated notes “TSDI”, hybrid capital instruments“T3CJ” and shareholder advances agreed by SAS Rue La Boétie.At 30 June 2012, deeply subordinated notes amounted €5,686 million compared to €7,243 million at 31December 2011. The fall in outstandings for €1,557 million corresponds to the repurchase by the Group of apart of its subordinated debts.The amount of the shareholders’ advance granted by SAS Rue La Boétie totals €958 million at June 30th,2012, unchanged compared to December 31st, 2011 and the amount of "T3CJ" notes outstanding totals€470 million at June 30th, 2012, unchanged compared to December 31st, 2011.Debt securities issued by Crédit Agricole S.A. and underwritten by the insurance companies of CréditAgricole S.A. Group are eliminated for euro-contracts. They were eliminated for the first time in the first halfof 2012 for the part of the unit-linked contracts, of which the financial risk is supported by the policyholders.The henceforth significant amount was eliminated from the debts securities for a €6,867 million at June 30th,2012.Page 176 sur 237