N o t e s t o t h e f i n a n c i a l s t a t e m e n t s
Year ended 31 March 2015
16 Loans and borrowings (continued)
Medium Term Notes (continued)
(vi)
HKD620.0 million (2014: Nil) Series 008 Notes. The Series 008 Notes will mature on 26 February 2018 and bear a
fixed interest rate of 1.67% per annum, payable quarterly in arrear.
(vii)
HKD640.0 million (2014: Nil) Series 009 Notes. The Series 009 Notes will mature on 4 September 2029 and bear a
fixed interest rate of 3.64% per annum, payable annually in arrear.
The Trust has entered into cross currency swaps to swap the Series 003 Notes, the Series 005 Notes, the series 006 Notes,
the Series 008 Notes and the Series 009 Notes into Singapore dollars.
The Group’s weighted average all-in cost of borrowings, including interest rate swaps and amortised costs of borrowings
as at 31 March 2015 is 2.68% (2014: 2.75%) per annum. Total borrowings have a weighted average term remaining of
3.6 years (2014: 3.3 years).
Terms and debt repayment schedule
Terms and conditions of outstanding loans and borrowings are as follows:
Nominal
interest rate
Year of
maturity
Face
value
Carrying
amount
%
$’000
$’000
Group
2015
Short term bank borrowings
SOR / COF^ + margin
2015
270,000
270,000
Term loans
SOR / COF^ + margin
2015 to 2019 1,302,525
1,294,571
Medium term notes
1.67 – 4.00 / JPY LIBOR + 0.5
2018 to 2029
799,444
797,129
2,371,969
2,361,700
2014 (Restated)
Short term bank borrowings
SOR / COF^ + margin
2014
210,000
209,790
Term notes/loans
SOR / COF^ + margin
2014 to 2018 1,081,748
1,074,383
Medium term notes
2.11 – 4.00 / JPY LIBOR + 0.5
2018 to 2024
501,104
499,157
1,792,852
1,783,330
Trust
2015
Short term bank borrowings
SOR / COF^ + margin
2015
270,000
270,000
Term loans
SOR + margin
2016 to 2019 1,287,000
1,279,046
Medium term notes
1.67 – 4.00 / JPY LIBOR + 0.5
2018 to 2029
799,444
797,129
2,356,444
2,346,175
2014
Short term bank borrowings
SOR / COF^ + margin
2014
210,000
209,790
Term loans
SOR + margin
2014 to 2018 1,120,000
1,112,635
Medium term notes
2.11 – 4.00 / JPY LIBOR + 0.5
2018 to 2024
501,104
499,157
1,831,104
1,821,582
^ COF denotes the lender’s cost of funds
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