268 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 32. Loans and borrowings Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Current: Secured Sustainability-Linked Sukuk Wakalah 8 7 8 7 Term loans 795 537 - - Revolving credits 77 59 17 1 Trade facilities 242 - - - 1,122 603 25 8 Unsecured Revolving credits 114 45 - - 114 45 - - 1,236 648 25 8 Non-current: Secured Sustainability-Linked Sukuk Wakalah 996 995 996 995 Term loans 6,902 6,689 - - 7,898 7,684 996 995 Unsecured Term loans 450 426 - - 8,348 8,110 996 995 9,584 8,758 1,021 1,003 Total borrowings Sustainability-Linked Sukuk Wakalah 1,004 1,002 1,004 1,002 Term loans 8,147 7,652 - - Revolving credits 191 104 17 1 Trade facilities 242 - - - Total loans and borrowings 9,584 8,758 1,021 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 Note 16 and Note 26 and certain of the Group’s vessels under finance lease arrangements. (b) Certain term loans of RM3,213 million (2022: RM2,545 million) are guaranteed by both the Company and an external party. Other loans and borrowings of RM2,162 million (2022: RM1,190 million) are fully guaranteed by the Company. (c) The revolving credits at floating interest rates bear interest ranging from 2.25% to 7.32% (2022: 1.95% to 3.39%) per annum. (d) The term loans at floating interest rates denominated in USD bear interest at range of 2.73% to 9.45% (2022: 2.38% to 4.85%) per annum. (e) The trade facilities at floating interest rates pertained to supplier financing drawn in January 2023, which were denominated in Indian Rupee (“INR”) and bears interest of 8.70% per annum. (f) Except for a term loan at floating interest rate denominated in INR of RM325 million (2022: NIL) which bears interest of 7.40% to 8.70% per annum, another INR term loan of RM137 million (2022: RM319 million) bears interest of 8.25% per annum where interest rate is reset automatically and every five years.
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