Page 164 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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NOTES TO THE FINANCIAL STATEMENTS

19. BORROWINGS (cont’d)
Borrowings of the Group and the Bank comprise the followings: (cont’d)
Term loans/Revolving credits (cont’d)

(k) Revolving US Dollar loan up to a maximum facility of USD50,000,000 (approximately RM223,775,000). (2023: USD50,000,000
(approximately RM229,500,000)).
The loan was obtained on 17 August 2023. Interest on loan is charged at the rate of 0.95% per annum above SOFR.

(l) Revolving US Dollar loan up to a maximum facility of USD25,000,000 (approximately RM118,887,500). (2023: USD25,000,000
(RM114,750,000)).

The loan was obtained on 8 December 2023. Interest on loan is charged at the rate of 0.75% per annum above SOFR.
(m) Term Financing Facility of GBP35,000,000 (approximately RM196,647,500). (2023: GBP35,000,000 (approximately
RM204,659,000)).

The loan was obtained on 28 August 2023 and repayable after a period of 3 years. Profit on the financing is charged at
1.03% per annum above Term SONIA.

(n) Commodity Murabahah Revolving Credit-i loan up to a maximum facility of RM50,000,000. (2023: RM50,000,000)
The loan was obtained on 21 June 2023. Interest on loan is charged at the rate of 0.75% per annum above SOFR.
(o) Funds from Bank Negara Malaysia (“BNM”) amounting to RM400,000 for the purpose to provide financing to SME
customers. In December 2024, the fund balance was RM106,342 (2023: RM188,404).
The funding is interest-free and commence from 6 March 2020 and expire on the repayment date.

Syndicated financing
(a) Syndicated Term Financing Facility of USD300,000,000 (approximately RM1,342,650,000). (2023: USD300,000,000
(approximately RM1,377,000,000)).

The loan was obtained on 5 November 2019 and repayable after a period of 4.5 years. Profit on the financing is charged at
0.90% per annum above LIBOR. This facility has matured on 21 May 2024.

Medium Term Notes
In November 2021, the Bank updated its USD3,000,000,000 multicurrency MTN programme which is listed and quoted
in Singapore Exchange (“SGX”). Under the programme, the Bank may from time to time issue notes in series or tranches,
which may be denominated in USD or any other currency deemed appropriate at the time. Each series or tranche of notes may
be issued in various amounts and tenures, and may bear fixed or floating rate of interest.