Annual Report 2012 - IOI Group

34. BORROWINGS (Continued)34.1 Term loansThe term loans of the Group include:Unsecuredi. 30-year JPY15.0 billion fixed-rate loan due 2037 that was drawn down on 22 January 2007 by a wholly-owned subsidiaryincorporated in Labuan. The outstanding amount as at the end of the reporting period is JPY15.0 billion (2011 – JPY15.0billion). This fixed-rate loan bears interest at 4.325% per annum and is repayable in full on 22 January 2037.ii.iii.iv.SGD200.0 million term loan pertaining to a foreign incorporated subsidiary. The outstanding amount as at end of thereporting period is SGD200.0 million (2011 – SGD200.0 million). This floating-rate term loan bears interest at 0.50% plusSwap Offer Rate (“SOR”) per annum and is repayable in 24 months from the drawdown date in May 2011.30-year JPY6.0 billion fixed-rate loan due 2038 that was drawn down on 5 February 2008 by a wholly-owned subsidiaryincorporated in Labuan. The outstanding amount as at end of the reporting period is JPY6.0 billion (2011 – JPY6.0billion). This fixed-rate loan bears interest at 4.50% per annum and is repayable in full on 5 February 2038.USD100.0 million term loan, which was drawn down by the Company on 3 February 2009. The outstanding amount asat end of the reporting period was nil (2011 – USD100.0 million). This floating-rate term loan bore interest at 1.45% plusBritish Bankers’ Association London Interbank Offered Rates (“BBA-LIBOR”) per annum and was repayable in 3 years fromthe drawn down date in February 2009. This bank loan was settled by the Company during the financial year.v. USD600.0 million term loan, which was drawn down by the Company during the previous financial year. The outstandingamount as at end of the reporting period is USD600.0 million (2011 – USD600.0 million). This floating-rate term loanbears interest at 1.30% plus BBA-LIBOR per annum and is repayable in 4 annual instalments of RM150.0 million eachcommencing 48 months from drawn date in January 2011.vi.USD330.0 million term loan, which was drawn down by a subsidiary during the financial year. The outstanding amountas at end of the reporting period is USD330.0 million. This floating-rate term loan bears interest at 0.82% plus BBA-LIBORper annum and is repayable in 5 years from the first drawn down date in December 2011.The term loans are repayable by instalments of varying amounts or upon maturity over the following periods:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Less than 1 year 499,340 302,700 – 302,7001 – 2 years – 491,140 – –2 – 3 years 476,569 – 476,569 –3 – 4 years 476,569 451,243 476,569 451,2434 – 5 years 1,521,994 451,243 476,569 451,243More than 5 years 1,322,931 1,690,774 476,568 901,8044,297,403 3,387,100 1,906,275 2,106,990Annual Report 2012IOI CORPORATION BERHAD 197