Repurchase of Equity Securities The following table provides information regarding our purchases of our equity securities during the period from October 1, 2012 to December 31, 2012.
## Table 0 ##
1 Includes shares of our common stock, par value $0.10 per share, withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares (the “Withheld Shares”).
We repurchased 13,566 Withheld Shares in October 2012, 1,419 Withheld Shares in November 2012 and 7,959 Withheld Shares in December 2012, for a total of 22,944 Withheld Shares during the three-month period.2 The average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program, described in Note 5 to the Consolidated Financial Statements, by the sum of the number of Withheld Shares and the number of shares acquired in our stock repurchase program.3 On February 24, 2012, we announced in a press release that our Board had approved a share repurchase program to repurchase from time to time up to $300.0 million of our common stock (the “2012 share repurchase program”), in addition to amounts available on existing authorizations.
On November 20, 2012, we announced in a press release that our Board had authorized an increase in our 2012 share repurchase program to $400.0 million of our common stock.
On February 22, 2013, we announced that our Board had approved a new share repurchase program to repurchase from time to time up to $300.0 million of our common stock.
The new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program.
There is no expiration date associated with the share repurchase programs.
PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 14.
SHORT-TERM AND LONG-TERM DEBT (continued) Medium-term Notes Prudential Financial maintains a Medium-term Notes, Series D program under its shelf registration statement with an authorized issuance capacity of $20 billion.
The following table presents Prudential Financial’s 2010 issuances under this program:
## Table 1 ##
Retail Medium-term Notes Prudential Financial also maintains a retail medium-term notes program, including the InterNotes?
program, under its shelf registration statement with an authorized issuance capacity of $5.0 billion.
As of December 31, 2010, the outstanding balance of retail notes was $2.8 billion, a decrease of $450 million from December 31, 2009, resulting primarily from maturities and redemptions at the request of the Company.
Other In order to modify exposure to interest rate and currency exchange rate movements, the Company utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issues.
The impact of these derivative instruments are not reflected in the rates presented in the tables above.
For those derivative instruments that qualify for hedge accounting treatment, interest expense was increased by $5 million and by $13 million for the years ended December 31, 2010 and 2009, respectively.
See Note 21 for additional information on the Company’s use of derivative instruments.
Interest expense for short-term and long-term debt was $1,224 million, $1,168 million and $1,396 million for the years ended December 31, 2010, 2009 and 2008, respectively.
This includes interest expense of $39 million, $93 million and $152 million for the years ended December 31, 2010, 2009 and 2008, respectively, reported in “Net investment income.
” Included in “Policyholders’ account balances” are additional debt obligations of the Company.
See Notes 10 and 5 for further discussion.
Prudential Holdings, LLC Notes On December 18, 2001, the date of demutualization, Prudential Holdings, LLC (“PHLLC”), a wholly-owned subsidiary of Prudential Financial, issued $1,750 million in senior secured notes (the “IHC debt”).
PHLLC owns the capital stock of Prudential Insurance and does not have any operating businesses of its own.
The IHC debt represents senior secured obligations of PHLLC with limited recourse; neither Prudential Financial, Prudential Insurance nor any other affiliate of PHLLC is an obligor or guarantor on the IHC debt.
The IHC debt is collateralized by 13.8% of the outstanding common stock of Prudential Insurance and other items specified in the indenture, primarily the “Debt Service Coverage Account” (the “DSCA”) discussed below.
PHLLC’s ability to meet its obligations under the IHC debt is dependent principally upon sufficient available funds being generated by the Closed Block Business and the ability of Prudential Insurance, the sole direct subsidiary of PHLLC, to dividend such funds to PHLLC.
The payment of scheduled principal and interest on the Series A notes and the Series B notes is insured by a financial guarantee insurance policy.
The payment of principal and interest on the Series C notes is not insured.
The IHC debt is redeemable prior to its stated maturity at the option of PHLLC and, in the event of certain circumstances, the IHC debt bond insurer can require PHLLC to redeem the IHC debt.
Net proceeds from the IHC debt amounted to $1,727 million.
The majority of the net proceeds, or $1,218 million, was distributed to Prudential Financial through a dividend on the date of demutualization for use in the Financial Services Businesses.
In addition, $72 million was used to purchase a guaranteed investment contract to fund a portion of the financial guarantee insurance premium related to the IHC debt.
The remainder of the net proceeds was deposited to a restricted account within PHLLC, referred to as the DSCA, and constitutes collateral for the IHC debt.
The balance in the DSCA was $728 million as of December 31, 2010.
Agency’s credit quality review and risk monitoring guidelines.
The credit quality ratings of the investments of our Japanese insurance companies are based on ratings assigned by nationally recognized credit rating agencies, including Moody’s, Standard & Poor’s, or rating equivalents based on ratings assigned by Japanese credit ratings agencies.
The amortized cost of our public and private fixed maturities attributable to the Financial Services Businesses considered other than high or highest quality based on NAIC or equivalent rating totaled $8.7 billion, or 6%, of the total fixed maturities as of December 31, 2010 and $9.6 billion, or 7%, of the total fixed maturities as of December 31, 2009.
Fixed maturities considered other than high or highest quality based on NAIC or equivalent rating represented 27% and 29% of the gross unrealized losses attributable to the Financial Services Businesses as of December 31, 2010 and 2009, respectively.
As of December 31, 2010, the amortized cost of our public and private below investment grade fixed maturities attributable to the Financial Services Businesses, based on the lowest of external rating agency ratings, totaled $10.0 billion, or 7%, of the total fixed maturities, and include securities considered high or highest quality by the NAIC based on the new rules for residential mortgage-backed securities described above.
The amortized cost of our public and private fixed maturities attributable to the Closed Block Business considered other than high or highest quality based on NAIC or equivalent rating totaled $5.6 billion, or 13%, of the total fixed maturities as of December 31, 2010 and $6.7 billion, or 16%, of the total fixed maturities as of December 31, 2009.
Fixed maturities considered other than high or highest quality based on NAIC or equivalent rating represented 44% of the gross unrealized losses attributable to the Closed Block Business as of December 31, 2010, compared to 41% of gross unrealized losses as of December 31, 2009.
As of December 31, 2010, the amortized cost of our public and private below investment grade fixed maturities attributable to the Closed Block Business, based on the lowest of external rating agency ratings, totaled $6.6 billion, or 15%, of the total fixed maturities, and include securities considered high or highest quality by the NAIC based on the new rules for residential mortgage-backed securities described above.
Public Fixed Maturities—Credit Quality The following table sets forth our public fixed maturity portfolios by NAIC designation attributable to the Financial Services Businesses as of the dates indicated.
Public Fixed Maturity Securities—Financial Services Businesses
## Table 2 ##
(1) Reflects equivalent ratings for investments of the international insurance operations.
(2) Includes, as of December 31, 2010 and 2009, 17 securities with amortized cost of $11 million (fair value, $20 million) and 19 securities with amortized cost of $177 million (fair value, $175 million), respectively, that have been categorized based on expected NAIC designations pending receipt of SVO ratings.
(3) Includes $272 million of gross unrealized gains and $67 million gross unrealized losses as of December 31, 2010, compared to $195 million of gross unrealized gains and $129 million of gross unrealized losses as of December 31, 2009 on securities classified as held-to-maturity.
(4) On amortized cost basis, as of December 31, 2010 includes $137 million in emerging markets securities and $112 million in securitized bank loans.
The following table sets forth our public fixed maturity portfolios by NAIC designation attributable to the Closed Block Business as of the dates indicated.
Public Fixed Maturity Securities—Closed Block Business
## Table 3 ##
(1) Includes, as of December 31, 2010 and 2009, 15 securities with amortized cost of $9 million (fair value, $10 million) and 20 securities with amortized cost of $13 million (fair value, $8 million), respectively, that have been categorized based on expected NAIC designations pending receipt of SVO ratings.
(2) On an amortized cost basis, as of December 31, 2010, includes $446 million in securitized bank loans and $224 million in emerging markets securities.

<table><tr><td></td><td>Total Number ofShares (or Units)Purchased<sup>1</sup></td><td>Average Price Paidper Share (or Unit)<sup>2</sup></td><td>Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup></td><td>Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs<sup>3</sup></td></tr><tr><td>October 1 - 31</td><td>13,566</td><td>$10.26</td><td>0</td><td>$148,858,924</td></tr><tr><td>November 1 - 30</td><td>5,345,171</td><td>$9.98</td><td>5,343,752</td><td>$195,551,133</td></tr><tr><td>December 1 - 31</td><td>8,797,959</td><td>$10.87</td><td>8,790,000</td><td>$99,989,339</td></tr><tr><td>Total</td><td>14,156,696</td><td>$10.53</td><td>14,133,752</td><td></td></tr></table>
<table><tr><td> Issue Date</td><td> Face Value  (in millions)</td><td>Interest Rate</td><td> Maturity Date</td></tr><tr><td>January 14, 2010</td><td>$500</td><td>2.750%</td><td>January 14, 2013</td></tr><tr><td>January 14, 2010</td><td>$750</td><td>3.875%</td><td>January 14, 2015</td></tr><tr><td>June 21, 2010</td><td>$650</td><td>5.375%</td><td>June 21, 2020</td></tr><tr><td>June 21, 2010</td><td>$350</td><td>6.625%</td><td>June 21, 2040</td></tr><tr><td>November 18, 2010</td><td>$500</td><td>4.500%</td><td>November 15, 2020</td></tr><tr><td>November 18, 2010</td><td>$500</td><td>6.200%</td><td>November 15, 2040</td></tr></table>
<table><tr><td> -1 (2)</td><td colspan="4"> December 31, 2010</td><td colspan="4"> December 31, 2009</td></tr><tr><td> NAIC Designation</td><td> Amortized Cost</td><td> Gross Unrealized Gains-3</td><td> Gross Unrealized Losses-3</td><td> Fair Value</td><td> Amortized Cost</td><td> Gross Unrealized Gains-3</td><td> Gross Unrealized Losses-3</td><td> Fair Value</td></tr><tr><td></td><td></td><td></td><td></td><td colspan="2"> (in millions)</td><td></td><td></td><td></td></tr><tr><td>1</td><td>$105,068</td><td>$6,278</td><td>$1,240</td><td>$110,106</td><td>$94,368</td><td>$3,767</td><td>$1,845</td><td>$96,290</td></tr><tr><td>2</td><td>14,129</td><td>892</td><td>585</td><td>14,436</td><td>14,682</td><td>699</td><td>790</td><td>14,591</td></tr><tr><td>Subtotal High or Highest Quality Securities</td><td>119,197</td><td>7,170</td><td>1,825</td><td>124,542</td><td>109,050</td><td>4,466</td><td>2,635</td><td>110,881</td></tr><tr><td>3</td><td>2,753</td><td>100</td><td>208</td><td>2,645</td><td>2,743</td><td>44</td><td>314</td><td>2,473</td></tr><tr><td>4</td><td>1,067</td><td>24</td><td>206</td><td>885</td><td>1,657</td><td>22</td><td>345</td><td>1,334</td></tr><tr><td>5</td><td>630</td><td>21</td><td>211</td><td>440</td><td>685</td><td>19</td><td>202</td><td>502</td></tr><tr><td>6</td><td>271</td><td>28</td><td>89</td><td>210</td><td>197</td><td>25</td><td>69</td><td>153</td></tr><tr><td>Subtotal Other Securities-4</td><td>4,721</td><td>173</td><td>714</td><td>4,180</td><td>5,282</td><td>110</td><td>930</td><td>4,462</td></tr><tr><td>Total Public Fixed Maturities</td><td>$123,918</td><td>$7,343</td><td>$2,539</td><td>$128,722</td><td>$114,332</td><td>$4,576</td><td>$3,565</td><td>$115,343</td></tr></table>
<table><tr><td> -1</td><td colspan="4"> December 31, 2010</td><td colspan="4"> December 31, 2009</td></tr><tr><td> NAIC Designation</td><td> Amortized Cost</td><td> Gross Unrealized Gains</td><td> Gross Unrealized Losses</td><td> Fair Value</td><td> Amortized Cost</td><td> Gross Unrealized Gains</td><td> Gross Unrealized Losses</td><td> Fair Value</td></tr><tr><td></td><td></td><td></td><td></td><td colspan="2"> (in millions)</td><td></td><td></td><td></td></tr><tr><td>1</td><td>$21,965</td><td>$1,075</td><td>$551</td><td>$22,489</td><td>$20,374</td><td>$656</td><td>$853</td><td>$20,177</td></tr><tr><td>2</td><td>4,842</td><td>423</td><td>88</td><td>5,177</td><td>5,732</td><td>308</td><td>187</td><td>5,853</td></tr><tr><td>Subtotal High or Highest Quality Securities</td><td>26,807</td><td>1,498</td><td>639</td><td>27,666</td><td>26,106</td><td>964</td><td>1,040</td><td>26,030</td></tr><tr><td>3</td><td>1,547</td><td>73</td><td>77</td><td>1,543</td><td>1,903</td><td>56</td><td>133</td><td>1,826</td></tr><tr><td>4</td><td>1,031</td><td>27</td><td>201</td><td>857</td><td>1,552</td><td>20</td><td>334</td><td>1,238</td></tr><tr><td>5</td><td>527</td><td>17</td><td>176</td><td>368</td><td>460</td><td>19</td><td>125</td><td>354</td></tr><tr><td>6</td><td>58</td><td>20</td><td>13</td><td>65</td><td>77</td><td>22</td><td>10</td><td>89</td></tr><tr><td>Subtotal Other Securities-2</td><td>3,163</td><td>137</td><td>467</td><td>2,833</td><td>3,992</td><td>117</td><td>602</td><td>3,507</td></tr><tr><td>Total Public Fixed Maturities</td><td>$29,970</td><td>$1,635</td><td>$1,106</td><td>$30,499</td><td>$30,098</td><td>$1,081</td><td>$1,642</td><td>$29,537</td></tr></table>

Question: In the year with largest amount of 1, what's the increasing rate of 5?