223 MISC BERHAD Annual Report 2015 18. Other financial assets and financial liabilities (cont’d.) (c) Interest-bearing loans and borrowings (cont’d.) The secured term loans are secured by mortgages over certain ships and other property, plant and equipment together with charter agreements and insurance of the relevant assets. The carrying values of the ships and other property, plant and equipment pledged are stated in Note 12. The range of interest rates as at the reporting date of the above interest-bearing loans and borrowings are as follows: Group Corporation 2015 2014 2015 2014 % % % % Fixed rate Term loans 2.36-5.20 4.63-5.20 – – Hire purchase 2.85-3.00 2.85 – – Revolving credit – 4.10-4.30 – – Floating rate Term loans 0.95-1.73 0.95-1.48 – – Loans from subsidiary – – 0.95-1.46 1.50-1.63
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