	December 31,

(US$ in millions)	2010			2009
Term loans due 2011—LIBOR (1) plus 1.25% to 1.75%	$	475		$	475
Term loan due 2011—fixed interest rate of 4.33%		—			250
Term loan due 2013—fixed interest rate of 3.32%		300			—
Japanese Yen term loan due 2011—Yen LIBOR (2) plus 1.40%		123			108
7.44% Senior Guaranteed Notes, Series C, due 2012		—			351
7.80% Senior Notes due 2012		—			200
5.875% Senior Notes due 2013		300			300
5.35% Senior Notes due 2014		500			500
5.10% Senior Notes due 2015		382			382
5.90% Senior Notes due 2017		250			250
8.50% Senior Notes due 2019		600			600
BNDES (3) loans, variable interest rate indexed to TJLP (4) plus 3.20% to 4.50% payable through 2016		118			106
Other		115			127

		3,163			3,649
Less: Current portion of long-term debt		(612	)		(31	)

Total long-term debt	$	2,551		$	3,618


(1): One-, three- and six-month LIBOR at December 31, 2010 were 0.26%, 0.30% and 0.46% per annum, respectively, and at December 31, 2009 were 0.23%, 0.25% and 0.43% per annum, respectively.
(2): Three-month Yen LIBOR at December 31, 2010 and 2009 was 0.19% and 0.28%, respectively.
(3): BNDES loans are Brazilian government industrial development loans.
(4): TJLP is a long-term interest rate published by the Brazilian government on a quarterly basis. The annualized rate for 2010 and 2009 was 6.00% and 6.13%, respectively.

The fair values of long-term debt, including current portion, at December 31, 2010 and 2009 were $3,407 million and $3,796 million, respectively, calculated based on interest rates currently available on comparable maturities to companies with credit standing similar to that of Bunge.

In December 2010, Bunge entered into a bilateral term loan agreement with a group of lending institutions for $300 million. The term loan is set to mature in 2013, is fully funded as of December 31, 2010 and carries interest of 3.32%.

Bunge may from time to time seek to retire or purchase outstanding debt in open market purchases, privately negotiated transactions or otherwise. Such repurchases, if any, will depend on prevailing market conditions, Bunge's liquidity requirements, contractual restrictions and other factors. The following table summarizes debt repayments made using certain of the proceeds from the sale of Bunge's Brazilian fertilizer nutrients assets (see Note 3 of the notes to the consolidated financial statements).

(US$ in millions)	Aggregate Principal Amount		Aggregate Repayment Amount

7.44% Senior Guaranteed Notes, Series C, due 2012 (1)	$	351	$	406
7.80% Senior Notes, due 2012 (2)		198		230
Term Loan, fixed interest rate of 4.33%, due 2011 (3)		250		260
Other (4)		28		35

Total	$	827	$	931


(1): The aggregate repayment amount includes a $48 million make-whole payment and $7 million of accrued and unpaid interest. Also, in connection with this debt redemption, Bunge recognized a loss of $4 million related to the non-cash write-off of unamortized losses on treasury rate lock contracts and unamortized debt issuance costs.
(2): The aggregate repayment amount includes a $28 million make-whole payment and $4 million of accrued and unpaid interest. Also in connection with this debt redemption, Bunge recognized a loss of $2 million related to the non-cash write-off of unamortized losses on treasury rate lock contracts, and unamortized original issue discount and issuance costs.
(3): The aggregate repayment amount paid to the participant banks of the syndicated term loan includes a $6 million make-whole payment and $4 million of accrued and unpaid interest.
(4): The aggregate repayment amount includes a $7 million make-whole payment.

In addition, in February 2010, Bunge repurchased and cancelled approximately $2 million of the then outstanding $200 million aggregate principal amount of the 7.80% senior notes due 2012.

At December 31, 2010, Bunge had approximately $2,232 million of unused and available borrowing capacity under its committed long-term credit facilities with a number of lending institutions.

Certain land, property, equipment and investments in consolidated subsidiaries having a net carrying value of approximately $80 million at December 31, 2010 have been mortgaged or otherwise collateralized against long-term debt of $122 million at December 31, 2010.

Principal Maturities. Principal maturities of long-term debt at December 31, 2010 are as follows:

(US$ in millions)

2011	$	612
2012		34
2013		638
2014		581
2015		408
Thereafter		890

Total	$	3,163

Bunge's credit facilities and certain senior notes require it to comply with specified financial covenants related to minimum net worth, minimum current ratio, a maximum debt to capitalization ratio and indebtedness at the subsidiary level. Bunge was in compliance with these covenants at December 31, 2010.

In 2010, 2009 and 2008, Bunge paid interest, net of interest capitalized, of $247 million, $284 million and $309 million, respectively.