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NOTESTOTHEFINANCIALSTATEMENTS
31 DECEMBER 2013
17. BORROWINGS (CONT’D)
Term loans (cont’d)
(h) Commodity Murabahah Revolving Credit-i up to an aggregate of USD40,000,000 (approximately RM131,020,000 (2012:
USD40,000,000 (approximately RM122,320,000)) renewable after one year. The financing was obtained on 10 November
2010 for USD30,000,000, renewed on 14 December 2011 with an additional amount of USD10,000,000. Profit rate on
the financing is charged at the rate of 0.80% (2012: 0.80%) above the Islamic Cost of Fund per annum.
(i) Revolving US dollar loan up to an aggregate of USD100,000,000 (approximately RM327,550,000 (2012: USD50,000,000
(approximately RM152,900,000)) .
The loan was obtained on 28 January 2011. Interest on loan is charged at the rate of 0.80% above LIBOR per annum
(2012: 0.80%).
(j) Revolving Euro loan of 1 year up to an aggregate of EUR30,000,000 (approximately RM135,306,000) (2012:
EUR30,000,000) (approximately RM121,047,000)) renewable after one year.
The loan was obtained on 12th March 2012. Interest rate on the loan is charged at the rate of 0.80% (2012: 0.80%)
per annum above Euro Interbank Offer Rate (“EURIBOR”).
(k) Structured Commodity Financing-i of 1 year up to an aggregate of USD35,000,000 (approximately RM114,642,000)
(2012: USD25,000,000) (approximately RM76,450,500)).
The financing was obtained on 25 July 2012 for USD25,000,000 and was renewed on 11 July 2013 with an additional
amount of USD10,000,000. Profit rate on the financing is charged at the rate of 1.3% (2012: 1.3%) above LIBOR
per annum.
(l) Term loan of EUR40,000,000 (approximately RM180,408,000) (2012 : EUR40,000,000 ) (approximately RM161,396,000))
repayable within a period of five year.
The loan was obtained on 3 September 2012. Interest on the loan is charged at the rate of 0.80% (2012: 0.80%) above
Euro Interbank Offer Rate (“EURIBOR”) per annum.
(m) Multi-Currency Commodity Murabahah Revolving Credit-i up to an aggregate of USD85,000,000 (approximately
RM278,417,500) renewable after one year.
The financing was obtained on 14 June 2013 for USD25,000,000. The limit was revised to USD85,000,000 on 12 August
2013. Profit rate on the financing is charged at the rate of 0.85% above the Islamic Cost of Fund per annum.
(n) Commodity Murabahah Revolving Credit-i up to an aggregate of USD25,000,000 (approximately RM81,887,500)
renewable after one year.
The financing was obtained on 13 May 2013. Profit rate on the financing is charged at the rate of 0.50% above the
Islamic Cost of Fund per annum.
(o) Revolving multi-currency loan of 1 year up to an aggregate of USD100,000,000 (approximately RM327,550,000)
renewable after one year.
The loan was obtained on 2 April 2013. Interest rate on the loan is charged at the rate of 0.70% per annum above
London Inter Bank Offer Rate (“LIBOR”).
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EXIM Bank Annual Report 2013