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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
191
16. BORROWINGS (CONTINUED)
(a) Secured by way of fixed charge on certain PPE and deposits with financial institutions of certain subsidiaries, as disclosed in Note 26(a) and
Note 34 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.
On 24 March 2016, 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 4.357% p.a. (payable semiannually in arrears) and has tenure of ten (10)
years from the date of issuance.
Subsequently 25 March 2016, the Sukuk was listed and quoted on Bursa Malaysia (under the Exempt Regime) and on the Singapore
Exchange Securities Trading Limited.
(ii) Sukuk Murabahah
On 14 August 2012, the Group established a Sukuk Murabahah Programme of up to RM5.0 billion in nominal value. RM3.0 billion of the
Sukuk Murabahah was successfully priced via a book building process with the remaining RM2.0 billion privately allocated to strategic
investors.
On 28 October 2016, the Group completed the issuance of RM500.0 million nominal value of rated Sukuks under a private offering.
The details of the Sukuk Murabahah are as follow:
Contractual
profit rate
1
%
Maturity
date
Amount
RM’million
Series 2
3.60
29 Aug 2017
1,000
Series 3
3.75
29 Aug 2019
1,500
Series 4
3.90
28 Aug 2020
1,200
Series 5
4.05
27 Aug 2021
400
Series 6
4.20
29 Aug 2022
400
Series 7
4.85
28 Oct 2021
150
Series 8
5.27
28 Oct 2026
350
5,000
1
payable semiannually