Page 145 - EXIM_AR2021
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ANNUAL REPORT 2021 143
Notes to the fiNaNcial statemeNts
9. Derivative financial instrUments (cOnt’D.)
Fair value hedge (cont’d.)
Full details of hedging as follows: (cont’d.)
Group and Bank
2021 (cont’d.)
Notional hedging instrument: Interest/Profit hedged item: hedging Nature of
amount Rate Swap MTN/SUKUK relationship risk
USD50 million Floating rate of 6 months Libor + 0.388% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
USD50 million Floating rate of 6 months Libor + 0.375% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
USD100 million Floating rate of 6 months Libor + 0.385% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
USD100 million Floating rate of 6 months Libor + 0.373% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value hedge Interest rate
(receive fixed USD semi-annually/pay float USD per annum (payable
semi-annually) semi-annually)
*Matured in 20 October 2021
