SASKENERGY 2017-18 ANNUAL REPORT
14. LONG-TERM DEBT
(millions)
2018
2017
$
1,019 121 (59)
$
970 149 (100)
Balance, beginning of period Proceeds Repayments
$
1,081 $
Balance, end of period
1,019
Long-term debt consists of the following:
2018
2017
Principal Outstanding (millions)
Principal Outstanding (millions)
Effective Interest Rate
Effective Interest Rate
GENERAL REVENUE FUND 1-5 years 6-10 years
$
116 192 110 82 225 250 100
3.9% 5.3% 6.1% 3.6% 4.0% 3.4% 3.3%
$
176 192 110 62 225 250 -
4.2% 5.3% 6.1% 3.8% 4.0% 3.4% N/A
11-15 years 16-20 years 21-25 years 26-30 years 31 plus years
1,075
1,015
Unamortized debt premium/ discount and issue costs
1
(1)
1,076
1,014
OTHER LONG-TERM DEBT 26-30 years
5
13.5%
5
13.5%
1,081 (50) 1,031
1,019 (59)
Less: Current portion of long-term debt
$
$
960
Long-term debt is unsecured. As at March 31, 2018 principal repayments due in each of the next five fiscal years are as follows:
(millions)
2019
2020
2021
2022
2023
Principal repayments $
50 $
33 $
33 $
- $
-
68
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