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17. BORROWINGS (CONT’D)
Term loans
(a) Revolving multi-currency loan of 1 year up to an aggregate of USD60,000,000 (approximately RM196,530,000) (2012:
USD120,000,000 (approximately RM366,960,000)) renewable after one year.
The loan was obtained on 14 September 2006 and subsequently renewed on 6 September 2012. The loan was revised
to USD60,000,000 on 16 July 2013. Interest rate on the loan is charged at the rate of 0.85% (2012: 0.85%) per annum
above the cost of fund (“COF”).
(b) Term loan of USD20,000,000 (approximately RM65,510,000) (2012: USD20,000,000 (approximately RM61,160,000))
repayable by 32 quarterly installments commencing September 2007.
The loan was obtained on 30 June 2006. Interest on the loan is charged at the rate of 0.33% (2012: 0.33%) above
LIBOR per annum.
(c) Term loan of RM1,000,000,000 (2012: RM1,000,000,000) from Bank Negara Malaysia (“BNM”) repayable after a period
of 15 years.
The loan was obtained on 26 June 2006. Interest on the loan is charged at the fixed rate of 1.00% (2012: 1.00%) per
annum. The loan was fully repaid in December 2013.
(d) Term loan of USD35,000,000 (approximately RM114,642,500) (2012: USD35,000,000 (approximately RM107,030,000)).
The loan is repayable semi-annually within 28 semi-annual installments from 12 August 2008 and ending on 12
February 2022.
The loan was obtained on 25 April 2006. Interest on the loan is charged at 0.395% (2012: 0.395%) above
LIBOR per annum.
(e) Revolving multi-currency loan of 6 months up to an aggregate of USD20,000,000 (approximately RM65,510,000) (2012:
USD20,000,000 (approximately RM61,160,000)).
The loan was obtained on 25 June 2009. Interest on the loan is charged at the rate of 1.00% (2012: 1.00%) above
London Inter Bank Offer Rate (“LIBOR”) per annum.
(f) Term loan up to an aggregate of USD100,000,000 (approximately RM327,550,000) (2012: USD100,000,000
(approximately RM305,800,000)). The loan is repayable semi-annually after a grace period of 30 months from 21 April
2012 and ending on 21 October 2014.
The loan was obtained on 22 October 2009. Interest on the loan is charged at 0.60% (2012: 0.60%) above
LIBOR per annum.
(g) Syndicated term loan of USD100,000,000 (approximately RM327,550,000 (2012: USD100,000,000 (approximately
RM305,800,000)) repayable within a period of three years.
The loan was obtained on 14 January 2010. Interest on loan is charged at 1.00% above LIBOR (2012 – 1.00%)
per annum. The loan was fully repaid during the year.
EXIM Bank Annual Report 2013
141