Page 166 - EXIM-Bank_Annual-Report-2023

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

19. BorroWINGS (cont’d)
Borrowings of the Group and the Bank comprise the followings: (cont’d)
Term loans/Revolving credits (cont’d)

(h) Commodity Murabahah Revolving Credit-i up to an aggregate of USD25,000,000 (approximately RM114,750,000)
(2022: USD25,000,000 (approximately RM109,750,000)).

The financing was obtained on 18 September 2013. Profit rate on the financing is charged at the rate of 0.80%
(2022: 0.80%) per annum above EURIBOR for EUR and 0.80% above COF for USD and GBP.

(i) Commodity Murabahah Revolving Credit-i up to an aggregate of USD50,000,000 (approximately RM229,500,000)
(2022: USD50,000,000 (approximately RM219,500,000)) renewable after one (1) year.
The financing was obtained on 14 November 2019. Profit rate on the financing is charged at the rate of 0.95% per annum
above SOFR.
(j) Syndicated Term Financing Facility of USD300,000,000 (approximately RM1,377,000,000). (2022: USD300,000,000
(approximately RM1,317,000,000)).
The loan was obtained on 5 November 2019 and repayable after a period of 4.5 years. Profit on the financing is charged
at 0.90% per annum above LIBOR.

(k) Revolving US Dollar loan up to a maximum facility of USD20,000,000 (approximately RM91,800,000). (2022: USD20,000,000
(approximately RM87,800,000)).

The loan was obtained on 20 October 2020. Interest on loan is charged at the rate of 0.75% (2022: 0.75%) per annum
above Cost of Fund.
(l) Revolving US Dollar loan up to a maximum facility of USD50,000,000 (approximately RM229,500,000).

The loan was obtained on 17 August 2023. Interest on loan is charged at the rate of 0.95% per annum above SOFR.
(m) Revolving US Dollar loan up to a maximum facility of USD25,000,000 (approximately RM114,750,000).
The loan was obtained on 8 December 2023. Interest on loan is charged at the rate of 0.75% per annum above SOFR.

(n) Term Financing Facility of GBP35,000,000 (approximately RM204,659,000).
The loan was obtained on 28 August 2023 and repayable after a period of 3 years. Profit on the financing is charged at
1.03% per annum above Term SONIA.
(o) Commodity Murabahah Revolving Credit-I loan up to a maximum facility of RM50,000,000).

The loan was obtained on 21 June 2023. Interest on loan is charged at the rate of 0.75% per annum above SOFR.
(p) Funds from Bank Negara Malaysia (“BNM”) amounting to RM400,000 for the purpose to provide financing to SME
customers. In December 20232, the fund balance was RM188,404 (2022: RM267,713).

The funding is interest-free and commence from 6 March 2020 and expire on the repayment date.