Maxis Berhad
Annual Report 2014
156
Notes to the
Financial Statements
31 December 2014
30 BORROWINGS (CONTINUED)
(f) Non-current and unsecured Commodity Murabahah Term Financing
During the financial year, the Company entered into an agreement for Commodity Murabahah Term Financing facility up to
RM2.50 billion based on the Islamic principle of Murabahah. This facility has a tenure of 10 years from its first utilisation, which
is repayable in one lump sum on 7 April 2024. As at 31 December 2014, the Company had drawn down RM2.15 billion of the
facility amount of which RM500,000,000 and RM420,750,000 were utilised for repayment of the RM500,000,000 revolving
credit facility and the initial instalment of the USD750,000,000 syndicated term loan as disclosed in Notes 30(b) and 30(c) to
the financial statements respectively.
Contractual terms of borrowings
Group
Contractual
interest rate/
profit margin
at reporting date
(per annum)
Functional
currency/
currency
exposure
Total
carrying
amount
Maturity profile
< 1 year
1-2 years 2-5 years > 5 years
%
RM’000 RM’000 RM’000 RM’000 RM’000
At 31 December 2014
Secured
Finance lease liabilities
RM/RM 25,906
14,051
6,768
5,087
-
Unsecured
Syndicated term loans
1.35% - 1.60% + LIBOR
(1)
RM/USD 2,536,407 865,644 864,056 459,016
347,691
Term loans
0.75% + COF
(2)
RM/RM 996,758
-
-
-
996,758
1.50% - 1.60% + LIBOR
(1)
RM/USD 609,622
-
-
-
609,622
1.25% + SOR
(3)
RM/SGD 184,617
-
-
-
184,617
Islamic MediumTermNotes
5.00% RM/RM 2,484,105
-
-
- 2,484,105
Commodity Murabahah Term
Financing
0.70 + COF
(2)
RM/RM 2,160,669
-
-
- 2,160,669
8,998,084 879,695 870,824 464,103 6,783,462
Notes:
(1)
LIBOR denotes London Interbank Offered Rate.
(2)
COF denotes Cost of Funds.
(3)
SOR denotes Singapore Swap Offer Rate.
