316 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 32. Loans and borrowings Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Current: Secured Sustainability-Linked Sukuk Wakalah 7 - 7 - Term loans 537 690 - - Revolving credits 59 - 1 - 603 690 8 - Unsecured Revolving credits 45 104 - - 45 104 - - 648 794 8 - Non-current: Secured Sustainability-Linked Sukuk Wakalah 995 - 995 - Term loans 6,689 4,915 - - Unsecured Term loans 426 397 - - 8,110 5,312 995 - 8,758 6,106 1,003 - Total borrowings Sustainability-Linked Sukuk Wakalah 1,002 - 1,002 - Term loans 7,652 6,002 - - Revolving credits 104 104 1 - Total loans and borrowings 8,758 6,106 1,003 - (a) The secured loans and borrowings of the Group and of the Company are secured by certain assets of the Group as disclosed in Notes 16, 17, 26 and certain of the Group’s vessels under finance lease arrangements. (b) Except for certain term loans of RM2,545 million (2021: RM397 million) which are guaranteed by both the Company and an external party, other loans and borrowings of RM1,190 million (2021: RM1,325 million) are fully guaranteed by the Company. (c) The revolving credits at floating interest rate bear interest at range of 1.95% to 3.39% (2021: 2% to 3.44%) per annum. (d) The term loans at floating interest rates bear interest at range of 2.38% to 4.85% (2021: 2.43% to 4.90%) per annum. (e) The term loan denominated in Indian Rupee (‘INR”) bears interest of 8.25% (2021: 10.5%) per annum in the current financial year. The interest rate is reset automatically and every five years (2021: every year).
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