Al-`Aqar Healthcare REIT Annual Report 2019

Al-`Aqar Healthcare REIT 06 FINANCIAL STATEMENT 147 The Group The Fund 2019 2018 2019 2018 RM RM RM RM 655,000,000 604,900,000 80,000,000 29,900,000 Less: Transaction costs (1,360,942) (1,194,870) (660,000) (216,354) 653,639,058 603,705,130 79,340,000 29,683,646 Current: Murabahah Tawarruq Term Financing-i (“Murabahah Tawarruq”) 29,900,000 - 29,900,000 - 29,900,000 - 29,900,000 - Less: Transaction costs (103,474) - (103,474) - 29,796,526 - 29,796,526 - 683,435,584 603,705,130 109,136,526 29,683,646 Sukuk Ijarah On 4 May 2018, the Group redeemed the outstanding IMTNs of RM575,000,000 in nominal value of Issue 1 together with its outstanding profit due on maturity and refinanced the IMTNs via an issuance of IMTNs of RM575,000,000 in nominal value (“Issue 2 – Tranche 1”) consisting of RM220,000,000 in nominal value of Class A, RM23,000,000 in nominal value of Class B, and RM332,000,000 in nominal value of Class C. The initial transaction costs incurred for the Issue 2 was RM660,520 with annual private debt security expenses amounting to RM1,394,305. The facility is repayable in 6 semi-annual instalments of RM15,174,308 (cost of financing only) each commencing in November 2018 with a final instalment of RM590,174,308 (principal and last semi-annual cost of financing). On 20 December 2018, the Group re-rated IMTNs of RM112,000,000 in nominal value of unrated Class C IMTNs of Issue 2, redeemed and re-issued rated Class A IMTNs of RM75,000,000 in nominal value and rated Class B IMTNs of RM37,000,000 in nominal value (collectively “Issue II - Tranche 2”). The facility is repayable in 5 semi-annual instalments of RM2,654,303 (cost of financing only) each commencing in May 2019 with a final instalment of RM114,654,303 (principal and last semi-annual cost of financing). As at the end of the reporting period, the Sukuk Ijarah Programme, which is secured against the investment properties totaling RM1,249,200,000 (2018: RM1,231,700,000) as mentioned in Note 11, comprises the following tranches at nominal value: Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued) 17. ISLAMIC FINANCING (CONTINUED)