Mega Bank Annual Report 2017

61 Annual Report 2017 -61- (18) Financial bonds payable December 31, 2017 December 31, 2016 NT$ US$ NT$ Subordinated Bonds $ 25,900,000 $ 873,583 $ 36,200,000 Financial bonds were as follows: December 31, 2017 Name of bond Issuing period Interest rate % Total issued amount NT$ US$ Remark 99-1 Development Financial bond 2010.12.24-2017.12.24 1.53% $ 10,300,000 $ - $ - Interest is paid annually. The principal is repaid at maturity. 100-1 Development Financial bond 2011.04.15-2018.04.15 1.65% 4,700,000 4,700,000 158,527 Interest is paid annually. The principal is repaid at maturity. 100-2 Development Financial bond 2011.11.24-2018.11.24 1.62% 7,900,000 7,900,000 266,460 Interest is paid annually. The principal is repaid at maturity. 101-1 Development Financial bond 2012.05.18-2019.05.18 1.48% 1,300,000 1,300,000 43,848 Interest is paid annually. The principal is repaid at maturity. 103-1 Development Financial bond 2014.03.28-2021.03.28 1.70% 4,900,000 4,900,000 165,272 Interest is paid annually. The principal is repaid at maturity. 103-2 Development Financial bond 2014.06.24-2021.06.24 1.65% 7,100,000 7,100,000 239,476 Interest is paid annually. The principal is repaid at maturity. Total $ 25,900,000 $ 873,583 December 31, 2017 Name of bond Issuing period Interest rate % Total issued amount US$ Remark 103-4 Financial bond 2014.11.19-2034.11.19 0.00% US$ 30,000 $ - The principal is repaid at maturity. 103-5 Financial bond 2014.11.19-2034.11.19 0.00% US$ 130,000 130,000 The principal is repaid at maturity. 103-7 Financial bond 2014.11.19-2034.11.19 0.00% US$ 75,000 75,000 The principal is repaid at maturity. Total $ 205,000 December 31, 2016 Name of bond Issuing period Interest rate % Total issued amount NT$ Remark 99-1 Development Financial bond 2010.12.24-2017.12.24 1.53% $ 10,300,000 $ 10,300,000 Interest is paid annually. The principal is repaid at maturity. 100-1 Development Financial bond 2011.04.15-2018.04.15 1.65% 4,700,000 4,700,000 Interest is paid annually. The principal is repaid at maturity. 100-2 Development Financial bond 2011.11.24-2018.11.24 1.62% 7,900,000 7,900,000 Interest is paid annually. The principal is repaid at maturity. 101-1 Development Financial bond 2012.05.18-2019.05.18 1.48% 1,300,000 1,300,000 Interest is paid annually. The principal is repaid at maturity. 103-1 Development Financial bond 2014.03.28-2021.03.28 1.70% 4,900,000 4,900,000 Interest is paid annually. The principal is repaid at maturity. 103-2 Development Financial bond 2014.06.24-2021.06.24 1.65% 7,100,000 7,100,000 Interest is paid annually. The principal is repaid at maturity. Total $ 36,200,000 December 31, 2016 Name of bond Issuing period Interest rate % Total issued amount US$ Remark 103-4 Financial bond 2014.11.19-2034.11.19 0.00% US$ 30,000 $ 30,000 The principal is repaid at maturity. 103-5 Financial bond 2014.11.19-2034.11.19 0.00% US$ 130,000 130,000 The principal is repaid at maturity. 103-7 Financial bond 2014.11.19-2044.11.19 0.00% US$ 75,000 75,000 The principal is repaid at maturity. Total $ 235,000 As of December 31, 2017 and 2016, the outstanding balances of the above mentioned financial bonds amounted to US$205 million and US$235 million, and NT$25.9 billion and NT$36.2 billion, respectively. In addition, among the above financial bonds, the senior financial bonds with face value of US$205 million and US$235 million were designated as financial liabilities at fair value through profit or loss and hedged by interest rate swap contracts. As such interest rate swap contracts were valued at fair value with changes in fair value recognized as profit or loss, the financial bonds stated above were designated as financial liabilities at fair value through profit or loss in order to eliminate or significantly reduce recognition inconsistency.