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148 EXIM BANK MALAYSIA
Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS

17. BORROWINGS (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. In the contrary, 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
8 June 2015* USD50 mil (equivalent to RM201 mil) 5 years 2.700% Fixed
28 January 2016 USD37.3 mil (equivalent to RM150 mil) 5 years 3.010% Fixed
28 July 2016* USD17 mil (equivalent to RM68 mil) 3 years 3m Libor + 1.20% Floating
5 August 2016* HKD400 mil (equivalent to RM207 mil) 3 years 2.100% Fixed
4 May 2017 USD45 mil (equivalent to RM181 mil) 5 years 3.00% Fixed
* The Sukuk of USD50 million has matured on 8 June 2020.

18. LEASE LIABILITIES

Group and Bank
2020 2019
RM’000 RM’000

Repayable within one year 123 309
One year to three years 127 261
Three years to five years - 14
250 584