Principles of Corporate Finance

(Barry) #1

Corporate Debt


continued
TABLE 14-5 Large firms typically issue many different securities. This table
shows some of the debt securities on Mobil Corporation's balance sheet at the end
of 1996 and 1997 (figures in millions).


Debt Security 1996 1997
9 5/8% sterling eurobonds 1999 187 182
Variable rate notes 1999 110
Japanese yen loans 2003-2005 388 347
Variable rate project financing 1998 105 52
Industrial revenue bonds 1998-2030 491 484
Other foreign currencies due 1997-2030 1090 764
Other long-term debt 660 716
Capital leases 247 335
Commercial paper 1634 1097
Bank and other short 894 1168
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