Page 154 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
152 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
Notes to the fiNaNcial statemeNts

11. DErIvATIvE FINANCIAL INSTruMENTS (cont’d)
Fair value hedge (cont’d)

Full details of hedging as follows:
Group and Bank

2023
Notional hedging instrument: hedged item: hedging Nature
amount Interest/Profit Rate Swap MTN/Sukuk relationship of risk

USD100 million Floating rate of 3 months Libor + 1.40% p.a. Fixed 4.25% Fair value Interest rate
(receive fixed USD annually/pay float USD per annum (payable hedge
quarterly) annually)

HKD596 million* USD76.83 million at floating rate of 3 months Fixed 2.95% Fair value Interest rate
USD Libor + 1.24% p.a. (receive fixed HKD per annum (payable hedge & foreign
annually/pay USD quarterly) annually) currency
HKD300 million* SGD47.89 million at floating rate of 6 months Fixed 2.95% Fair value Interest rate
SGD SOR + 1.00% p.a. (receive fixed HKD per annum (payable hedge & foreign
annually/pay float SGD semi-annually) annually) currency
USD50 million Floating rate of 6 months Libor + 0.388% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)
USD50 million Floating rate of 6 months Libor + 0.375% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)

USD100 million Floating rate of 6 months Libor + 0.385% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)

USD100 million Floating rate of 6 months Libor + 0.373% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)
USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)

USD25 million Floating rate of 6 months Libor + 0.397% p.a. Fixed 1.831% Fair value Interest rate
(receive fixed USD semi-annually/pay float per annum (payable hedge
USD semi-annually) semi-annually)

* Matured on 13 March 2023