Page 160 - EXIM-Bank_Annual-Report-2022

158 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

19. BorroWINGs (cont’d.)
Borrowings of the Group and the Bank comprise the followings (cont’d.):

Medium Term Notes
In November 2021, the Bank updated its USD3,000,000,000,000 the multicurrency 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 RM277 mil) 10 years 3.509% Fixed
12 March 2013 HKD896 mil (equivalent to RM504 mil) 10 years 2.950% Fixed
6 June 2014 USD100 mil (equivalent to RM439 mil) 15 years 4.250% Fixed
21 August 2017* EUR40 mil (equivalent to RM187 mil) 5 years 3m Euribor + 0.75% Floating
7 November 2017* USD20 mil (equivalent to RM88 mil) 5 years 3m Libor + 0.85% Floating
8 November 2017* USD100 mil (equivalent to RM439 mil) 5 years 3m Libor + 0.85% Floating
10 November 2017* USD15 mil (equivalent to RM66 mil) 5 years 3m Libor + 0.85% Floating
10 November 2017* USD25 mil (equivalent to RM110 mil) 5 years 3m Libor + 0.85% Floating
28 February 2018 USD23 mil (equivalent to RM101 mil) 5 years 3m Libor+0.85% Floating
4 May 2018 USD45 mil (equivalent to RM198 mil) 5 years 3m Libor+0.85% Floating
26 Nov 2021 USD350 mil (equivalent to RM1,537 mil) 5 years 1.831% Fixed
* The Bond of USD63.0 million has matured on 11 July 2022.
* The Bond of EUR40.0 million has matured on 22 August 2022.
* The Bond of USD20.0 million has matured on 7 November 2022.
* The Bond of USD100.0 million has matured on 8 November 2022.
* The Bond of USD15.0 million has matured on 10 November 2022.
* The Bond of USD25.0 million has matured on 10 November 2022.

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.