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17. BORROWINGS (CONT’D)
Term loans (cont’d)
(p) Commodity Murabahah Revolving Credit-i up to an aggregate of USD40,000,000 (approximately RM131,020,000)
renewable after one year.
The financing was obtained on 15 August 2013. Profit rate on the financing is charged at the rate of 0.75% above the
Islamic Cost of Fund per annum.
(q) Multi-Currency Murabahah Revolving Credit-i up to an aggregate of EUR120,000,000 (approximately RM541,224,000)
renewable after one year.
The financing was obtained on 18 September 2013. Profit rate on the financing is charged at the rate of 0.80% above
Euro Interbank Offer Rate (“EURIBOR”)
(r) Included in the term loan is a placement from the Government of Malaysia for Malaysian Kitchen Financing Facility
Scheme amounting to RM170,100,000 for the purpose of providing loans to qualified applicants under the Malaysia The
Truly Asian Kitchen or Malaysia Kitchen Program.
The placement is interest-free and repayable after a period of 15 years from dates of disbursement of 14 December
2007 and 15 January 2009.
Medium Term Notes
In June 2012, the Bank established Multi-currency Medium Term Notes (MTN) programme. The maximum principal of notes
that may be issued under the programme is USD1,500,000,000 (approximately RM4,913,250,000). 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 tenors, and may bear
fixed or floating of interest.
Issuances made as at year end are as follows:
Fixed/
Date of issuance
Nominal value
Tenor
Coupon rate
Floating
14 June 2012
USD500 mil
5.5 years
2.875%
Fixed
11 July 2012
USD63 mil
10 years
3.509%
Fixed
8 March 2013
HKD402 mil
5 years
1.600%
Fixed
12 March 2013
HKD896 mil
10 years
2.950%
Fixed
19 March 2013
AUD45 mil
5 years
BBSW+1.2%
Floating
EXIM Bank Annual Report 2013
143