Debt

The disclosures below include details of the Company’s debt, excluding that of consolidated VIEs and consolidated SIPs. See Note 8 – Variable Interest Entities and Consolidated Sponsored Investment Products for information related to the debt of these entities.

Debt consisted of the following:



(dollars in millions)	December 31, 2013		September 30, 2013		Effective Interest Rate
$250 million 3.125% notes due May 2015	$	249.9	$	249.9	3.32	%
$300 million 1.375% notes due September 2017	298.8		298.7		1.66	%
$350 million 4.625% notes due May 2020	349.7		349.7		4.74	%
$300 million 2.800% notes due September 2022	299.4		299.4		2.93	%
Total Debt	$	1,197.8	$	1,197.7

At December 31, 2013, the Company’s outstanding senior unsecured and unsubordinated notes had an aggregate face value of $1.2 billion. The notes have fixed interest rates with interest payable semi-annually and contain an optional redemption feature that allows the Company to redeem each series of notes prior to maturity in whole or in part at any time, at a make-whole redemption price. The indentures governing the notes contain limitations on the Company’s ability and the ability of its subsidiaries to pledge voting stock or profit participating equity interests in its subsidiaries to secure other debt without similarly securing the notes equally and ratably. The indentures also include requirements that must be met if the Company consolidates or merges with, or sells all or substantially all of its assets to, another entity. At December 31, 2013, the Company was in compliance with the covenants of the notes.

At December 31, 2013, maturities for debt were as follows:



(in millions)	Amount
for the fiscal years ending September 30,	Amount
2014	$	—
2015	249.9
2016	—
2017	298.8
2018	—
Thereafter	649.1
Total	$	1,197.8

At December 31, 2013, the Company had $500.0 million of short-term commercial paper available for issuance under an uncommitted private placement program which has been inactive since April 2012, $260.0 million available in uncommitted short-term bank lines of credit under the Federal Reserve system, $70.0 million available through the secured Federal Reserve Bank short-term discount window, $15.5 million available in secured FHLB short-term borrowing capacity and $14.1 million available in uncommitted short-term bank lines of credit.