Yinson Annual Report 2021

280 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 32 Loans and borrowings (continued) The remaining maturities of the loans and borrowings as at the reporting date are as follows: (continued) Interest rate terms Denominated currency Total carrying amount On demand or within one year More than 1 year and less than 2 years More than 2 years and less than 5 years 5 years or more Group RM million RM million RM million RM million RM million At 31 January 2020 Secured Term loans Floating rates varies based on London Interbank Offered Rate (''LIBOR'')* USD 3,721 368 407 2,557 389 Floating rates varies based on cost of funds ("COF") USD 1 - - 1 - Revolving credits Floating rates varies based on COF RM 16 16 - - - Unsecured Revolving credits Floating rates varies based on Kuala Lumpur Interbank Offered Rate ("KLIBOR") RM 51 51 - - - Floating rates varies based on COF USD 41 41 - - - 3,830 476 407 2,558 389 * Certain floating rate bank loans of the subsidiaries are hedged by a series of USD interest rate swap contracts with banks (Note 37(a)).