As at 30 June 2015, other debt securities issued mainly include: The Bank:
(i) Sydney Branch issued debt securities amounting to RMB10,505 million denominated in AUD, CHF, RMB, EUR, HKD, JPY and USD. These securities were with maturities between the second half of 2015 and 2024 at fixed or floating interest rates. Of which, in 2015, Sydney Branch issued debt securities amounting to RMB834 million denominated in AUD, RMB, HKD, JPY and USD. These securities were issued with maturities between 2016 and 2022 at fixed or floating interest rates.
(ii) Singapore Branch issued debt securities and notes amounting to RMB8,975 million denominated in RMB and USD. These securities and notes were with maturities between the second half of 2015 and 2021 at fixed interest rates. Of which, in 2015, Singapore Branch issued debt securities and notes amounting RMB2,979 million denominated in RMB and USD, with maturities in 2018 at fixed rates.
(iii) In 2015, Tokyo Branch issued debt securities amounting to RMB5,389 million denominated in USD, JPY and RMB. These securities were issued with maturities between the second half of 2015 and 2017 at free or floating interest rates.
(iv) New York Branch issued notes amounting to RMB16,462 million denominated in USD. These notes were with maturities between the second half of 2015 and 2019 at fixed or floating interest rates. Of which, in 2015, New York Branch issued notes amounting to RMB2,541 million denominated in USD, with maturities in the second half of 2015 at fixed interest rates.
(v) In 2015, Luxembourg Branch issued notes amounting to RMB3,721 million denominated in USD with maturities in 2018 at floating interest rates.
(vi) In 2015, Dubai Branch issued debt securities amounting to RMB3,089 million denominated in USD with maturities in 2020 at fixed interest rates.
(vii) The Head Office issued debt securities in Hong Kong amounting to RMB3,500 million denominated in RMB with maturities between the second half of 2015 and 2019 at fixed interest rates.
(viii) The Head Office issued debt securities in London amounting to RMB1,993 million denominated in RMB with maturities between 2016 and 2018 at fixed interest rates.
Subsidiaries:
(i) ICBC Asia issued medium-term and short-term notes amounting to RMB2,581 million denominated in RMB, EUR, HKD and USD with maturities between the second half of 2015 and 2016 at free interest rates. Of which, in 2015, ICBC Asia issued medium-term and short-term notes amounting to RMB793 million denominated in USD, EUR and RMB, with maturities between the second half of 2015 and 2016 at free interest rates; ICBC Asia issued inter-bank deposit certificates amounting to RMB4,781 million denominated in RMB with maturities in the second half of 2015 at fixed interest rates.
(ii) Skysea International Capital Management Limited (“Skysea International”), which is controlled by the Group, issued guaranteed notes of USD750 million with a fixed interest rate of 4.875% in 2011. The notes were guaranteed by Hong Kong Branch and were issued at the price fixed at 97.708% of the nominal amount with maturities due on 7 December 2021 amounted to RMB4,468 million. By satisfying certain conditions, Skysea International has the option to redeem all of the notes at any time. The notes were listed on the Stock Exchange of Hong Kong Limited. In 2015, Skysea International issued medium-term debt securities amounting to RMB7,158 million denominated in RMB and USD, with maturities between 2018 and 2020 at floating or fixed interest rates.
(iii) ICBC Thai issued debt securities amounting to RMB6,262 million denominated in THB with maturities between the second half of 2015 and 2019 at fixed interest rates. Of which, in 2015, ICBC Thai issued debt securities of RMB1,717 million denominated in THB with maturities in the second half of 2015 at fixed interest rates.
(iv) In 2014, ICBC International issued debt securities amounting to RMB4,006 million denominated in USD with maturities in 2017 at fixed interest rates.
(v) ICBC New Zealand issued medium-term notes amounting to RMB210 million denominated in NZD with maturities in 2017 at fixed or floating interest rates.
(vi) ICBC Indonesia issued medium-term notes amounting to RMB109 million denominated in IDR with maturities in 2017 at fixed interest rates.
(vii) ICBC Argentina issued medium-term notes amounting to RMB721 million denominated in ARS with maturities between the second half of 2015 and 2016 at floating interest rates. Of which, in 2015, ICBC Argentina issued medium-term notes amounting to RMB325 million denominated in ARS with maturities in 2016 at floating interest rates.
32. OTHER LIABILITIES
30 June 2015 31 December 2014 Interest payable 253,977 242,433 Settlement accounts 112,786 104,972 Dividend payable 91,047 –Salaries, bonuses, allowances and subsidies payables 16,318 21,038
Early retirement benefits 4,461 4,798
Sundry tax payables 11,846 11,612
Bank drafts 1,141 2,409
Others 95,230 77,428
586,806 464,690 As at 30 June 2015, the amount of other liabilities due within one year was RMB490,882 million. (31 December 2014 RMB403,335 million)
33. SHARE CAPITAL
30 June 2015 31 December 2014 Number of shares (millions) Nominal value Number of shares (millions) Nominal valueIssued and fully paid:
H shares of RMB1 each 86,795 86,795 86,795 86,795 A shares of RMB1 each (i) 269,612 269,612 266,700 266,700 356,407 356,407 353,495 353,495 Except for the dividends for H shares which are payable in Hong Kong dollars (“HKD”), all of the A shares and H shares rank pari passu with each other in respect of dividends.
(i) According to the “Announcement in Relation to the Conversion of ICBC Convertible Bonds”, the 250 million convertible bonds (with a nominal value of RMB100 each and an aggregate amount of RMB25 billion) issued by the Bank on 31 August 2010 can be converted into the Bank’s A shares from 1 March 2011. Given that the closing price of A shares of the Bank from 19 November 2014 to 31 December 2014 is not less than 130% (i.e., RMB4.25 per share) of the prevailing conversion price of the ICBC Convertible Bonds (RMB3.27 per share) for 15 trading days out of 30 consecutive trading days, the redemption clause of convertible bonds was triggered. The Board of Directors of the Bank resolved to exercise the right of early redemption of the ICBC Convertible Bonds to redeem all outstanding ICBC Convertible Bonds which appeared on the register on the redemption record date. The abovementioned redemption record date was 12 February 2015. As at 12 February 2015, 249,857,640 ICBC Convertible Bonds were converted into A shares of the Bank, and unconverted ICBC Convertible Bonds of 142,360 were redeemed by the Bank. A total of 7,387,711,262 shares have been converted and total of 269,612,212,539 A shares have been issued by the Bank. As of 30 June 2015, the convertible bond has been fully redeemed.