Page 165 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 163
NOTES TO THE FINANCIAL STATEMENTS

19. BORROWINGS (cont’d)
Borrowings of the Group and the Bank comprise the followings: (cont’d)
Medium Term Notes (cont’d)

Issuances made as at year end are as follows:
Date of issuance Nominal value Tenure Coupon rate Fixed/Floating
6 June 2014 USD100 mil (equivalent to RM448 mil) 15 years 4.250% Fixed

26 Nov 2021 USD350 mil (equivalent to RM1,566 mil) 5 years 1.831% Fixed
Multi-currency Sukuk Programme

In September 2013, the Bank launched its USD1.0 billion unsecured multicurrency Sukuk programme through Special Purpose
Vehicle (“SPV”) company. 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 of interest.
The Bank established a SPV entity, EXIM Sukuk Malaysia Berhad, to issue the abovementioned Multi-currency Sukuk
Programme. Correspondingly, the borrowings from Sukuk are transacted with the SPV at the Bank level. At the Group level,
the borrowings from Sukuk are transacted with third parties who subscribed to and invested in the Sukuk.
Date of issuance Nominal value Tenure Coupon rate Fixed/Floating
6 May 2015 USD20 mil (equivalent to RM90 mil) 10 years 3.350% Fixed

20. LEASE LIABILITIES
Group and Bank
2024 2023
RM’000 RM’000

At 1 January 2,686 3,797
Addition 658 488
Interest expenses - lease liabilities 143 122
Repayment during the year (2,326) (1,721)
At 31 December 1,161 2,686

Group and Bank
2024 2023
RM’000 RM’000

Repayable within one year 992 1,165
One year to three years 169 1,521
1,161 2,686