Page 159 - EXIM_AR2021

ANNUAL REPORT 2021 157

Notes to the fiNaNcial statemeNts

17. bOrrOwings (cOnt’D.)

Borrowings of the Group and the Bank comprise the followings: (cont’d.)
Multi-currency Sukuk Programme
In September 2013, the Bank launched its USD1.0 billion unsecured multicurrency Sukuk programme through Special Purpose
Vehicle (“SPV”) company. 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 of interest.
The Bank established a SPV entity, EXIM Sukuk Malaysia Berhad, to issue the abovementioned Multi-currency Sukuk
Programme. Correspondingly, the borrowings from Sukuk are transacted with the SPV at the Bank level. At the Group level,
the borrowings from Sukuk are transacted with third parties who subscribed to and invested in the Sukuk.
Issuances made as at year end are as follows:

Date of issuance Nominal value Tenure Coupon rate Fixed/Floating

6 May 2015 USD20 mil (equivalent to RM83.3 mil) 10 years 3.350% Fixed
28 January 2016* USD37.3 mil (equivalent to RM155 mil) 5 years 3.010% Fixed
4 May 2017 USD45 mil (equivalent to RM187 mil) 5 years 3.00% Fixed
* The Sukuk of USD37.3 million has matured on 28 January 2021.

18. lease liabilities
Group and Bank
2021 2020
RM’000 RM’000

Repayable within one year 1,294 123
One year to three years 3,381 127
Three years to five years 415 -
5,090 250