axiata group berhad | annual report 2015
185
16. BORROWINGS
2015
2014
Non-
Non-
Note W.A.R.F
current
Current
Total
W.A.R.F
current
Current
Total
%
RM’000
RM’000
RM’000
%
RM’000
RM’000
RM’000
Group
Overseas
Secured:
- Borrowings
from financial
institutions
(a)
5.46
490,008
175,068
665,076
3.20
290,515
128,413
418,928
Unsecured:
- Borrowings
from financial
institutions
6.69
5,359,759
1,849,538
7,209,297
4.48
6,078,186
1,097,270
7,175,456
- Other borrowings
-
-
-
-
1.88
-
168,554
168,554
- Sukuk Ijarah
(c)(iii)
10.02
312,866
153,634
466,500
-
-
-
-
- Bank overdrafts
33
4.47
-
89,908
89,908
1.48
-
54,404
54,404
6.20
6,162,633
2,268,148
8,430,781
4.34
6,368,701
1,448,641
7,817,342
Malaysia
Unsecured:
- Notes
(b)
5.36
1,277,922
12,102
1,290,024
5.37
1,050,021
-
1,050,021
- Sukuk
(c)(i),(ii)
3.69
6,604,101
67,480
6,671,581
3.77
4,525,972
500,000
5,025,972
3.96
7,882,023
79,582
7,961,605
4.04
5,575,993
500,000
6,075,993
Total
5.12 14,044,656
2,347,730 16,392,386
4.21
11,944,694
1,948,641 13,893,335
-
W.A.R.F. - Weighted Average Rate of Finance as at reporting date
(a) Secured by way of fixed charge on certain PPE and deposits with financial institutions of certain subsidiaries, as disclosed in Note 25(a) and Note
33 to the financial statements respectively.
(b) The USD300.0 million Guaranteed Notes (“Notes”) will mature on 28 April 2020, and is guaranteed by the Company. The Notes, which were issued
at 99.94%, carry a coupon rate of 5.375% per annum (“p.a.”) (payable semi-annually in arrears) and have a tenure of 10 years from the date of
issuance.
(c) Sukuk of the Group consist of a Multi-Currency Sukuk Programme, a Sukuk Murabahah Programme and a Sukuk Ijarah issued as follows:
(i)
Multi-currency Sukuk
The Group established a Multi-Currency Sukuk Programme involving the issuance of up to USD1.5 billion (or its equivalent in other
currencies based on Islamic Principle). On 12 November 2015, the Group successfully priced the issuance USD denominated 500 million
Sukuk pursuant to the Sukuk Programme. The Sukuk, which was issued at par, carries a coupon rate of 3.466% p.a. (payable semiannually
in arrears) and has tenure of five (5) years from the date of issuance.
On 19 November 2015, the Sukuk was listed and quoted on Bursa Malaysia (under the Exempt Regime) and on the Singapore Exchange
Securities Trading Limited.
