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Long-term debt | 12 Months Ended
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Mar. 31, 2018
Long-term debt | 18. Long-term debt Long-term debt as of March 31, 2017 and March 31, 2018 comprised of the following:
|  | As of March 31, |
|  | 2017 |  |  | 2018 |  |  | 2018 |
|  | (In millions) |
Subordinated debt |  | Rs. | 149,020.0 |  |  | Rs. | 231,070.0 |  |  | US$ | 3,548.9 |
Others |  |  | 581,969.0 |  |  |  | 701,885.6 |  |  |  | 10,780.0 |
Less: Debt issuance cost |  |  | (68.3 | ) |  |  | (49.3 | ) |  |  | (0.7 | )
Total |  | Rs. | 730,920.7 |  |  | Rs. | 932,906.3 |  |  | US$ | 14,328.2 |
The below table presents the balance of long-term debt as of March 31, 2017 and March 31, 2018 and the related contractual rates and maturity dates:
|  | Years ended March 31, |
|  | 2017 |  |  | 2018 |
|  | Maturity / Call dates |  |  | Stated interest rates |  | Total |  |  | Maturity / Call dates |  |  | Stated interest rates |  | Total |  |  | Total |
|  | (In millions) |
Subordinated debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lower Tier II |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate |  |  | 2018-2027 |  |  | 6.00% to 10.70% |  | Rs. | 121,215.9 |  |  |  | 2019-2028 |  |  | 7.56% to 10.70% |  | Rs. | 124,264.8 |  |  | US$ | 1,908.5 |
Upper Tier II |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate |  |  | 2018-2021 |  |  | 8.70% to 10.85% |  |  | 27,797.7 |  |  |  | 2019-2021 |  |  | 8.70% to 10.85% |  |  | 26,798.7 |  |  |  | 411.6 |
Perpetual debt |  |  | — |  |  | — |  |  | — |  |  |  | 2023 |  |  | 8.85% |  |  | 79,997.3 |  |  |  | 1,228.6 |
Others* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate—(1) |  |  | 2018-2022 |  |  | 2.20% to 3.70% |  |  | 22,013.6 |  |  |  | 2020-2022 |  |  | 2.68% to 3.25% |  |  | 32,227.2 |  |  |  | 495.0 |
Variable rate—(2) |  |  | 2018-2021 |  |  | 8.00% to 11.35% |  |  | 74,677.8 |  |  |  | 2019-2023 |  |  | 7.64% to 10.05% |  |  | 108,196.7 |  |  |  | 1,661.8 |
Fixed rate—(1) |  |  | 2018-2027 |  |  | 7.07% to 10.35% |  |  | 444,930.8 |  |  |  | 2019-2027 |  |  | 6.90% to 10.35% |  |  | 561,421.6 |  |  |  | 8,622.7 |
Fixed rate—(2) |  |  | 2018 |  |  | 1.62% to 4.30% |  |  | 40,284.9 |  |  |  | — |  |  | — |  |  | — |  |  |  | — |
Total |  |  |  |  |  |  |  | Rs. | 730,920.7 |  |  |  |  |  |  |  |  | Rs. | 932,906.3 |  |  | US$ | 14,328.2 |
* | Variable rate (1) and fixed rate (2) represent foreign currency debt
The scheduled maturities of long-term debt are set out below:
|  | As of March 31, 2018 |
|  | (In millions) |
Due in the twelve months ending March 31: |  |  |  |  |  |  |  |
2019 |  | Rs. | 172,122.8 |  |  | US$ | 2,643.6 |
2020 |  |  | 234,215.1 |  |  |  | 3,597.2 |
2021 |  |  | 88,593.9 |  |  |  | 1,360.7 |
2022 |  |  | 33,789.7 |  |  |  | 519.0 |
2023 |  |  | 42,380.0 |  |  |  | 650.9 |
Thereafter |  |  | 281,807.5 |  |  |  | 4,328.2 |
Total(1) |  | Rs. | 852,909.0 |  |  | US$ | 13,099.6 |
(1) | The scheduled maturities of long-term debt do not include perpetual bonds of Rs. 79,997.3 million (net of debt issuance cost).
During the year ended March 31, 2018 the Bank issued subordinated debt, under RBI regulatory guidelines, qualifying for Lower Tier II capital amounting to Rs. 20,000 million (previous period nil) and qualifying for Upper Tier II capital amounting to Rs. 80,000 million (previous period nil). During the year ended March 31, 2018 the Bank also raised other long-term debt amounting to Rs. 325,517.1 million (previous period Rs. 335,048.9 million). As of March 31, 2017 and March 31, 2018, other long-term debt includes foreign currency borrowings from other banks aggregating to Rs. 62,353.1 million and Rs. 32,260.9 million, respectively, and functional currency borrowings aggregating to Rs. 519,615.9 million and Rs. 669,624.7 million, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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