Page 155 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 153

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

2022
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)