1 Short term debt consists mainly of local credit facilities that are being rolled forward on a continuous basis
2 In March 2012 Philips issued USD 1,000M 10 years at 3.75% and USD 500M 30 years at 5%. On Apr 10th 2012, Philips early redeemed USD 500M originally maturing in March 2013
In March 2012, Philips placed a total of USD 1.5 billion of new Philips Senior Notes. Philips used the net proceeds to redeem the 4.625% Notes due 2013 (repaid on April 10th 2012), and repaid the USD 143 million bond that matured in August 2013. The remainder has been used for general corporate purposes including other debt reductions.