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	Current Non-current
		2008 £m	2007 £m	2008 £m	2007 £m
Unsecured
Overdrafts		9	25	—	—
Bank loans		11	3	5	2
7 3/8% Notes 2016 £200m		—	—	200	200
5.84% Notes 2010 US$187m1		—	—	136	97
6.38% Notes 2013 US$230m1		—	—	178	123
6.55% Notes 2015 US$83m1		—	—	67	46
4 1/2% Notes 2011 €750m2		—	—	738	534
Other loan 2008 (interest rate nil)		—	1	—	—
Secured
Bank loans3		—	—	—	24
Obligations under finance leases:4 (note 22)
Less than one year		3	5	—	—
Between one and two years		—	—	—	3
Between two and five years		—	—	—	—
After five years		—	—	1	1
		23	34	1,325	1,030
Repayable
Between one and two years – by instalments				2	4
– otherwise				136	—
Between two and five years – by instalments				1	1
– otherwise				916	655
After five years – by instalments				3	1
– otherwise				267	369
				1,325	1,030

¹These notes are the subject of interest rate swap agreements under which the Group has undertaken to pay floating rates of interest, and currency swaps which form a fair value hedge.

²These notes are the subject of swap agreements under which counterparties have undertaken to pay amounts at fixed rates of interest and exchange in consideration for amounts payable at variable rates of interest and at fixed exchange rates.

³Secured on aircraft.

⁴ Obligations under finance leases are secured by related leased assets.