18. Other financial assets and financial liabilities (cont’d.) (c) Interest-bearing loans and borrowings (cont’d.) (ii) The Group and the Corporation drew the following revolving credit facilities during the year: Group Facilities Interest rate Drawdown date USD150.0 million 3 months LIBOR + 0.35% 16 February 2016 USD30.0 million 3 months LIBOR + 0.50% 29 August 2016 USD210.0 million 3 months LIBOR + 0.50% 29 August 2016 Corporation Facilities Interest rate Drawdown date USD30.0 million 3 months LIBOR + 0.50% 29 August 2016 (iii) The Group had in September 2016 issued RM20.0 million Sukuk Murabahah which is subject to fixed interest rate of 4.60% per annum. (iv) The Group had in the previous year entered into an interest rate swap hedging arrangement to hedge USD300 million Term Loan Facility maturing on 20 September 2018. Under this arrangement, the Group pays fixed interest rate of 1.31% + 1.05% per annum and receives cash flows at floating rate. (v) In the previous financial year, the Group made early repayments of the USD1.0 billion and USD1.55 billion Term Loan Facilities which were due on 20 September 2018 and 29 June 2021 respectively. The total prepaid amount was USD870,000,000 (RM3,397,298,000). 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. Financial Statements 257
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