Restrictions Note  18 : Long-Term Debt Some of the credit agreements: • require us to meet specific financial ratios • restrict our acquisition of capital assets • restrict the payment of dividends. We are in compliance with all conditions and restrictions. WEIGHTED AVERAGE NOTE INTEREST RATE MATURITY 2004 2003 BCE Inc. – Notes  (a) 6.86% 2006–2009 2,000 2,000 Bell Canada Debentures and notes  (b) 7.34% 2005–2054 8,246 8,789 Subordinated debentures  8.21% 2026–2031 275 275 Capital leases  (c) 7.45% 2006–2015 400 471 Other  75 212 Total – Bell Canada 8,996 9,747 Aliant Debentures, notes and bonds  (d) 8.02% 2005–2025 885 985 Other 11 5 Total – Aliant 896 990 Bell Globemedia Revolving reducing term credit agreements  (e) 2.56% 2006 40 60 Notes  6.44% 2009–2014 450 150 Total – Bell Globemedia 490 210 Telesat – Notes and other 8.11% 2006–2009 289 347 Other 146 86 Total debt 12,817 13,380 Unamortized premium  (f) 113 141 Less: Amount due within one year  17 (1,121) (1,140) Long-term debt 11,809 12,381 (a) BCE Inc. (b) Bell Canada (c) Bell Canada All notes are unsecured. BCE Inc. has the option to redeem $1.7 billion in notes at any time. All debentures and notes are unsecured. They include US$200 million maturing in 2006 and US$200 million maturing in 2010, which have both been swapped into Canadian dollars; $125 million of long-term debt in- cludes call options that allow for early repayment of the principal amounts when certain premiums are paid.  Includes capital leases of $84 million in 2004 and  $75 million in 2003, net of loans receivable of $284 mil- lion in 2004 and $300 million in 2003. These obliga- tions were from agreements that Bell Canada entered into in 1999 and 2001 to sell and lease back telecommu- nications equipment for a total of $399 million. Some of the proceeds were invested in interest-bearing loans receivable. The capital lease obligations, net of loans receivable, were originally issued for US$39 million and have been swapped into Canadian dollar obligations. Bell Canada Enterprises  2004 Annual Report 105