Page 169 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

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15 Debt securities in issue

2025 2024

Unsecured
a Fixed rate bonds 995 995
b Floating rate bonds 42 32

1,037 1,027

Secured
a Floating rate bonds 3 4

Total debt securities in issue 1,040 1,031

Unsecured obligations
a Republic Bank Limited has the following unsecured fixed rate debts denominated in Trinidad and Tobago dollars as at
September 30, 2025:
1 $650 million which becomes repayable at the end of a ten-year period on June 6, 2034. Interest is accrued at a fixed
rate of 5.50 percent. Principal repayments would be made at maturity. Interest payments would be made bi-annually
from inception.
2 $350 million which becomes repayable at the end of a fifteen-year period on June 18, 2039. Interest is accrued at a
fixed rate of 6.10 percent. Principal repayments would be made at maturity. Interest payments would be made bi-
annually from inception.

b Republic Bank (Ghana) PLC has an unsecured floating rate debt of $79 million Ghanian dollars which becomes repayable
at the end of a twenty-year period on June 18, 2041. Interest is accrued at the two year Treasury bill rate plus a spread of
2.5 percent. Principal and interest repayments are made bi-annually from inception.

Secured obligations
a Floating rate bonds are denominated in Trinidad and Tobago dollars and are secured by property and equipment under
investments in leased assets.

16 Other liabilities

2025 2024

Accounts payable and accruals 1,900 1,766
Deferred income 4 5
Claims reserves (insurance companies only) 243 169
Other 187 180

2,334 2,120