10 BORROWINGS (CONTINUED)
Terms and borrowings repayment schedule (continued)
Nominal
Year of
Face
Carrying
Trust
Currency
profit rate
maturity
value
amount
%
$’000
$’000
2014
Term Commodity
Murabaha Facility B (New)
SGD
*SOR+Margin
2016
90,000
89,355
Revolving Commodity
Murabaha Facility D
SGD
*SOR+Margin
2016
28,500
28,500
Term Commodity
Murabaha Facility F
SGD
*SOR+Margin
2017
75,000
73,111
Term Commodity
Murabaha Facility C (New) SGD
*SOR+Margin
2019
30,000
29,151
Loan from a subsidiary
SGD
4.50%
2017
72,500
71,756
Loan from a subsidiary
SGD
4.00%
2018
90,000
89,371
Loan from a subsidiary
SGD
4.25%
2019
100,000
98,985
2013
Term Commodity
Murabaha Facility C
SGD
*SOR+Margin
2014
100,274
99,876
Term Commodity
Murabaha Facility E
SGD
*SOR+Margin
2015
177,563
174,867
Revolving Commodity
Murabaha Facility D
SGD
*SOR+Margin
2016
30,500
30,500
Term Commodity
Murabaha Facility F
SGD
*SOR+Margin
2017
75,000
72,471
Loan from a subsidiary
SGD
4.50%
2017
72,500
71,510
* Swap Offer Rate
(a) Commodity Murabaha Facilities
During the year ended 31 December 2014, the Group refinanced the $100.2 million Term
Commodity Murabaha Facility C and the $177.6 million Term Commodity Murabaha Facility E,
ahead of their maturities in November 2014 and August 2015 respectively, with part of the net
proceeds from the issuance of Trust Certificates under the Trust Certificates Programme (defined
below) and the drawdown of the $90.0 million Term Commodity Murabaha Facility B (New) and
$30.0 million Term Commodity Murabaha Facility C (New) under the new $243.0 million Commodity
Murabaha Facilities granted to the Group in November 2014.
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2014
SABANA REIT
|
ANNUAL REPORT 2014
119
