Page 158 - EXIM_AR2021

156 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

Notes to the fiNaNcial statemeNts

17. bOrrOwings (cOnt’D.)

Borrowings of the Group and the Bank comprise the followings: (cont’d.)
Term loans/Revolving credits (cont’d.)
(n) Revolving US Dollar loan up to a maximum facility of USD20,000,000 (approximately RM83,300,000).

The loan was obtained on 20 October 2020. Interest on loan is charged at the rate of 0.75% (2020 : 0.75%) per annum above
Cost of Fund.

(o) Funds from Bank Negara Malaysia (“BNM”) amounting to RM400,000 for the purpose to provide financing to SME customers.
In December 2021, the fund balance was RM356,826 (2020: RM400,000).
The funding is interest-free and commence from 6 March 2020 and expire on the repayment date.

Medium Term Notes
In November 2021, the Bank updated its USD3,000,000,000,000 the multicurrency Medium Term Notes (“MTN”) programme
which is listed and quoted in SGX. 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 rate of interest. This MTN is quoted on SGX.
Issuances made as at year end are as follows:
Date of issuance Nominal value Tenure Coupon rate Fixed/Floating

11 July 2012 USD63 mil (equivalent to RM263 mil) 10 years 3.509% Fixed
12 March 2013 HKD896 mil (equivalent to RM479 mil) 10 years 2.950% Fixed
6 June 2014 USD100 mil (equivalent to RM417 mil) 15 years 4.250% Fixed
20 October 2016* USD500 mil (equivalent to RM2,083 mil) 5 years 2.480% Fixed
21 August 2017 EUR40 mil (equivalent to RM189 mil) 5 years 3m Euribor + 0.75% Floating
7 November 2017 USD20 mil (equivalent to RM83 mil) 5 years 3m Libor + 0.85% Floating
8 November 2017 USD100 mil (equivalent to RM417 mil) 5 years 3m Libor + 0.85% Floating
10 November 2017 USD15 mil (equivalent to RM62 mil) 5 years 3m Libor + 0.85% Floating
10 November 2017 USD25 mil (equivalent to RM104 mil) 5 years 3m Libor + 0.85% Floating
28 February 2018 USD23 mil (equivalent to RM96 mil) 5 years 3m Libor + 0.85% Floating
4 May 2018 USD45 mil (equivalent to RM187 mil) 5 years 3m Libor + 0.85% Floating
26 Nov 2021 USD350 mil (equivalent to RM1,458 mil) 5 years 1.831% Fixed
* The Bond of USD500.0 million has matured on 20 October 2021