18 Debt Securities in Issue
In millions of Russian Roubles | 2010 | 2009 |
---|---|---|
Promissory notes | 96,505 | 101,294 |
Savings certificates | 13,102 | 17,844 |
Deposits certificates | 1,889 | 5,461 |
Other debt securities | 7,930 | - |
Total debt securities in issue | 119,426 | 124,599 |
Promissory notes are interest-bearing or discount securities issued by the Group. They are denominated in Russian Roubles, US Dollars and Euro and have maturity dates from "on demand" to December 2013 (2009: from "on demand" to December 2012). Interest or discount rates on promissory notes issued by the Group vary from 0.3% to 10.4% p.a. (2009: from 0.3% to 10.1% p.a.). Promissory notes are freely tradable on the Russian financial market.
Savings and deposits certificates are interest-bearing securities issued by the Group. They are denominated in Russian Roubles and Byelorussian Roubles and have maturity dates from "on demand" to December 2013 (2009: from "on demand" to December 2012). Interest rates on these securities vary from 0.03% to 18.0% p.a. (2009: from 5.6% to 8.8% p.a.).
Other debt securities represent interest-bearing securities issued by the Group. They are denominated in Byelorussian Roubles, Kazakh Tenge, US Dollars and Euro and have maturity dates from "on demand" to 2019. Interest rates on these securities vary from 4.0% to 16.5% p.a.
The estimated fair value of debt securities in issue is disclosed in Note 34. Currency and maturity analyses of debt securities in issue are disclosed in Note 31.