ACCOUNTABILITY | FINANCIAL STATEMENTS 285 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 32. LOANS AND BORROWINGS (CONTINUED) The remaining maturities of the loans and borrowings as at the reporting date are as follows: (continued) Group Interest rate terms Denominated currency Total carrying amount RM million On demand or within one year RM million More than 1 year and less than 2 years RM million More than 2 years and less than 5 years RM million 5 years or more RM million At 31 January 2023 Secured Sustainability-Linked Sukuk Wakalah Fixed rate at 5.55% per annum RM 1,004 8 - 996 - Term loans Floating rates vary based on LIBOR* USD 6,314 602 524 3,771 1,417 Floating rates vary based on COF USD 567 85 93 389 - Floating rates vary based on SOFR USD 354 92 262 - - Floating rates vary based on COF INR 325 8 15 52 250 Rate is reset every five years INR 137 8 8 27 94 Revolving credits Floating rates vary based on COF USD 77 77 - - - Trade facilities Floating rates vary based on COF INR 242 242 - - - Unsecured Term loans Floating rates vary based on SOFR USD 450 - - 450 - Revolving credits Floating rates vary based on KLIBOR RM 58 58 - - - Floating rates vary based on COF USD 56 56 - - - 9,584 1,236 902 5,685 1,761 The hedge ratio of the Group’s outstanding 3-month USD SOFR floating rate project financing loans (2023: USD SOFR and USD LIBOR) and the associated interest rate swaps is 90% (2023: 88%) as disclosed in Note 41(a)(i). * Certain floating rate loans of the subsidiaries are hedged by a series of USD interest rate swap contracts with banks (Note 36(a)). During the current financial year, SOFR replaced LIBOR as the benchmark reference rate for these USD interest rate swap contracts.
RkJQdWJsaXNoZXIy NDgzMzc=