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## USD senior notes 

On 8 September 2010, AGL Energy Limited issued US$300.0 million of fixed rate unsecured senior notes in the US private placement market, comprising two tranches of 12 year and 15 year maturities for US$165.0 million and US$135.0 million, respectively. To manage the foreign exchange risk arising from the future principal and interest payments required on the US$300.0 million, the notes were converted back to A$337.8 million through cross currency interest rate swaps. 

## Subordinated notes 

On 4 April 2012, AGL Energy Limited issued $650.0 million of unsecured AGL Energy Subordinated Notes in the Australian retail bond market. The notes have a 27 year maturity with a non-recall period of seven years. The notes will generally be redeemed for their face value plus any outstanding interest. Interest on these notes is charged at market rates plus a margin of 3.80% and is paid on a quarterly basis: 

## Bank loans – secured 

As at 30 June 2012, AGL Energy Limited had assumed $2,450.3 million of secured bank debt from the acquisition of Great Energy Alliance Corporation Pty Limited on 29 June 2012. This amount included $1,473.1 million of amortising facilities with the following maturities: Amortiser A and B in November 2015 and the CPI Bonds in May 2027. The amount also includes $977.2 million of non-amortising facilities with the following maturities: Bullet B in November 2012 and the AR facility in November 2015. 

On 13 August 2012, AGL repaid $978.1 million of non-amortising facilities, comprising the Bullet B and AR facilities. 

## Bank loans – unsecured 

On 20 July 2011, AGL Energy Limited entered into a $1.0 billion syndicated loan facility, comprising a $600.0 million three year term loan tranche and a $400.0 million five year revolving tranche. The funds were partially used to refinance $886.7 million of debt, repaid in October 2011. As at 30 June 2012, $750.0 million of the facility had been utilised. 

## Other loans 

On 5 July 2011, AGL Energy Limited entered into a $200.0 million loan facility with EKF, the Danish export credit agency. The funds will be used to partially fund the consolidated entity’s 50% interest in the construction of the Macarthur Wind Farm. Amortising over 18 years, the loan matures in 2031. As at 30 June 2012, $150.0 million of the facility had been utilised. 

