Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 144 18. Islamic financing The Group The Fund 2020 2019 2020 2019 RM RM RM RM Non-current Sukuk Ijarah - Islamic Medium Term Notes (“IMTNs”) - 575,000,000 - - Commodity Murabahah Term Financing-I (“Commodity Murabahah-I”) 80,000,000 80,000,000 80,000,000 80,000,000 Commodity Murabahah Term Financing-II (“Commodity Murabahah-II”) 29,994,050 - 29,994,050 - 109,994,050 655,000,000 109,994,050 80,000,000 Less: Transaction costs (924,360) (1,360,942) (924,360) (660,000) 109,069,690 653,639,058 109,069,690 79,340,000 Current Sukuk Ijarah - Islamic Medium Term Notes (“IMTNs”) 575,000,000 - - - Murabahah Tawarruq Term Financing-i (“Murabahah Tawarruq”) - 29,900,000 - 29,900,000 575,000,000 29,900,000 - 29,900,000 Less: Transaction costs (482,435) (103,474) - (103,474) 574,517,565 29,796,526 - 29,796,526 683,587,255 683,435,584 109,069,690 109,136,526 Sukuk Ijarah On 4 May 2018, the Group redeemed the outstanding IMTNs of RM575,000,000 in nominal value of Issue 1 together with its outstanding profit due on maturity and refinanced the IMTNs via an issuance of IMTNs of RM575,000,000 in nominal value (“Issue 2 – Tranche 1”) consisting of RM220,000,000 in nominal value of Class A, RM23,000,000 in nominal value of Class B, and RM332,000,000 in nominal value of Class C. The initial transaction costs incurred for the Issue 2 was RM660,520 with annual private debt security expenses amounting to RM1,394,305. The facility is repayable in 6 semi- annual instalments of RM15,174,308 (cost of financing only) each commencing in November 2018 with a final instalment of RM590,174,308 (principal and last semi-annual cost of financing). On 20 December 2018, the Group re-rated IMTNs of RM112,000,000 in nominal value of unrated Class C IMTNs of Issue 2, redeemed and re-issued rated Class A IMTNs of RM75,000,000 in nominal value and rated Class B IMTNs of RM37,000,000 in nominal value (collectively “Issue II - Tranche 2”). The facility is repayable in 5 semi-annual instalments of RM2,654,303 (cost of financing only) each commencing in May 2019 with a final instalment of RM114,654,303 (principal and last semi-annual cost of financing). As at the end of the reporting period, the Sukuk Ijarah Programme, which is secured against the investment properties totaling RM1,247,320,000 (2019: RM1,249,200,000) as mentioned in Note 10, comprises the following tranches at nominal value: Notes to the Financial Statements For the Year Ended 31 December 2020

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