44 Caribbean Utilities Company, Ltd.  2011  Annual Report Notes to Financial Statements (Expressed in thousands of United States dollars) 11. Long-Term Debt Long-Term Debt Long-term debt repayments per fiscal year are as follows: Certain of the Company’s long-term debt obligations have covenants restricting the issuance of additional debt such that consolidated debt cannot exceed 65% of the Company’s consolidated capital structure, as defined by the long-term debt agreements. As at December 31, 2011, the Company was in compliance with all debt covenants. As at As at  December 31, 2011 December 31, 2010 6.47 % Senior Unsecured Loan Notes due 2013  5,000 7,500 7.64 % Senior Unsecured Loan Notes due 2014  9,000 12,000 6.67 % Senior Unsecured Loan Notes due 2016  15,000 18,000 5.09% Senior Unsecured Loan Notes due 2018  28,000 32,000 5.96% Senior Unsecured Loan Notes due 2020  27,000 30,000 5.65% Senior Unsecured Loan Notes due 2022  40,000 40,000 7.50 % Senior Unsecured Loan Notes due 2024  4.85% Senior Unsecured Loan Notes due 2026  15,000  - 5.10 % Senior Unsecured Loan Notes due 2031  25,000 204,000 179,500 Less: Current portion of long-term debt  (15,500) (15,500) Less: Deferred debt issue costs  (1,552) (1,210) 186,948 162,790 Year  $  2012  15,500 2013  19,500 2014 17,000 2015  14,000 2016  2017 and later  124,000 ($ thousands)