Based on CKZs 2020 Debt Note, the company long-term debt of $6.704 billion at end of 2020 ($598 million current portion; $6.106 billion non-current portion).

In its 2020 Debt Note, CKZ also discloses information on its revolving credit facilities. In this project, you will assume that CKZ uses this revolving line of credit if it requires cash beyond that provided by its operating and other activities, and that the credit line limit is $2.0 billion for your entire projected period (cell E22 in debt schedule). Further, if the required cash exceeds the $2.0 billion credit line, you will assume CKZ will take on short-term debt that it can refinance on the same terms year after year. Interest rate assumptions relating to both the revolving line of credit and any required short-term debt are in the Debt Schedule (row 22 23). Assume that if CKZ takes on Short Term Debt at any point during the projected period, any subsequent available cash will pay down this Short Term Debt before paying down the revolving line of credit.

Use the information provided in the Debt & Shareholder Schedule to calculate long-term debt repayment (issuance) and balance each year from 2021 to 2025.

Existing and Future Long Term Debt
(M$)
Issue Date	Principal Amount		Rate	Maturity
2010	598		5.76%	2021
2011	964		4.03%	2022
2012	933		5.80%	2023
2013	308		0.13%	2024
2014	755		8.32%	2025
2015	279		3.88%	2026
2016	300		2.40%	2027
2017	600		2.40%	2028
2018	1,267		5.30%	2029
2019	450		5.30%	2030
2020	250		3.70%	2031
2021	250		2.40%	2032
2022	700		3.88%	2033

Calculate the Long-term debt Issuances (Repayments) for 2021 to 2025