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141
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
21 DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED)
The details of the derivative financial instruments are set out as below:
(a) CCIRS
Com-
mencement
date
Contract/
Notional amount
Exchange Rate
Interest Rate
2014
2013
RM’000 RM’000
24 February
2010
2,129,250
2,550,000 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.40 to USD1.00
according to the scheduled principal and
interest repayment of the syndicated loan
in which principal exchange occurs semi-
annually commencing from the fourth year of
the syndicated loan.
The Group and Company pay a fixed interest
rate of 4.75% per annum in exchange for
receiving London Interbank Offered Rate
(“LIBOR”) plus a spread on the amortising
outstanding principal amount.
13 August
2010
314,500
314,500 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.145 to USD1.00 for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company pay a fixed interest
rate of 5.25% per annum in exchange for
receiving LIBOR plus a spread on the notional
principal amount.
28 February
2011
304,900
304,900 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.048 to USD1.00 and
RM3.050 to USD1.00 on each USD50 million
respectively for its principal and interest in
which at the end of the tenure, principal is on
bullet repayment basis.
The Group and Company pay Kuala Lumpur
Interbank Offered Rate (“KLIBOR”) plus a
spread in exchange for receiving LIBOR plus
a spread on the notional principal amount.
28 February
2011
167,300
167,300 The Group and Company pay RM in exchange
for receiving SGD at a predetermined
exchange rate of RM2.39 to SGD1.00 for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company pay KLIBOR plus a
spread in exchange for receiving Singapore
Swap Offer Rate (“SOR”) plus a spread on
the notional principal amount.
14 June 2011
227,250
227,250 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.03 to USD1.00 for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company pay a fixed interest
rate of 4.99% in exchange for receiving
LIBOR plus a spread on the notional principal
amount.
