97 AGL Energy Limited Annual Report 2012 2012  $m 2011  $m Note 30 – Borrowings (non-current) At amortised cost USD senior notes – unsecured 337.5  274.4  Subordinated notes – unsecured 650.0  –  Bank loans – secured 1,835.8  –  Bank loans – unsecured 750.0  –  Other loans – unsecured 150.0  –  Finance lease liabilities – secured (Note 39) 14.5  11.9  Deferred borrowing costs (41.8) (1.8) 3,696.0  284.5  Financing facilities The consolidated entity has access to the following committed bank facilities: Total facilities USD senior notes – unsecured 337.8  337.8  Subordinated notes – unsecured 650.0  –  Bank loans – secured 2,450.3  –  Bank loans – unsecured 1,000.0  886.7  Other loans – unsecured 200.0  –  Bank guarantees 600.0  485.0  5,238.1  1,709.5  Amounts used USD senior notes – unsecured 337.8  337.8  Subordinated Notes – unsecured 650.0  –  Bank loans – secured 2,450.3  –  Bank loans – unsecured 750.0  886.7  Other loans – unsecured 150.0  –  Bank guarantees 468.8  446.3  4,806.9  1,670.8  Amounts unused 431.2  38.7 USD senior notes Subordinated notes Bank loans – secured Bank loans – unsecured Other loans 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.  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:  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.  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. 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.