SEO Version
ANNUAL REPORT 2011
10
BORROWINGS
Commodity Murabaha Facilities
– Term (Facilities A, B & C)
– Revolving (Facility D)
Less: Unamortised capitalised transaction costs
Maturity of borrowings
Current
Non-current
Terms and debt repayment schedule
Terms and conditions of outstanding borrowings are as follows:
Currency
Nominal
proft rate
Year of
maturity
Fac
%
Group and Trust
Term Commodity Murabaha Facilities A and B
SGD * SOR + 2.5% 2013
2
Revolving Commodity Murabaha Facility D
SGD * SOR + 2.5% 2013
Term Commodity Murabaha Facility C
SGD * SOR + 2.5% 2014
1
*
Swap Offer Rate
The exposure of the Group and the Trust to liquidity and proft rate risks related to borrowings is discl
Borrowings at the reporting date comprise $364.8 million secured Commodity Murabaha Facilities from va
The Commodity Murabaha Facilities are secured by,
inter alia
:
•
A frst ranking legal mortgage over all the properties acquired as at date of Listing, 3A Joo Koo
and 21 Joo Koon Crescent (collectively, the “Securitised Properties”) (or, where title to the Sec
not been issued, an assignment of building agreement coupled with a mortgage in escrow);
•
Assignment of insurance, assignment of proceeds and assignment of Property Management
the Securitised Properties; and
•
A fxed and foating charge over the other assets of the Trust relating to the Securitised Proper
Sabana AR 2011 Financial V9.indd 89
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