Page 91 - TreasuryChinaTrust2011

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11 INTEREST-BEARING BORROWINGS (CONTINUED)
Terms and debt repayment schedule
Terms and conditions of the outstanding loans and borrowings are as follows:
Nominal
interest rate
per annum
Final
maturity date
Face value
2011
Carrying
amount
2011
2011 % $’000 $’000
USD floating rate term loan LIBOR + 3.5% 10 Dec 2012 49,091 49,091
RMB floating rate term loan PBOC rate *118% 10 Dec 2012 9,385 9,385
USD floating rate term loan LIBOR + 3.5% 22 Dec 2013 142,857 139,773
RMB floating rate term loan PBOC rate *125% 13 Jan 2014 13,304 13,074
USD floating rate term loan LIBOR + 3% 26 Jul 2015 352,770 352,770
RMB floating rate term loan PBOC rate 2 Jun 2015 83,890 79,189
RMB floating rate term loan PBOC rate 15 Feb 2016 27,452 25,759
USD floating rate term loan LIBOR + 4.5% 2 Jun 2015 32,468 32,468
RMB floating rate term loan PBOC rate *105% 31 May 2021 21,452 20,413
RMB floating rate term loan PBOC rate 25 Sep 2020 57,756 57,756
RMB floating rate term loan PBOC rate *123% 10 Jul 2014 10,314 10,116
USD floating rate term loan LIBOR + 3.5% 10 Jul 2014 54,545 53,177
855,284 842,971
Nominal
interest rate
per annum
Final
maturity date
Face value
2010
Carrying
amount
2010
2010 % $’000 $’000
USD floating rate term loan LIBOR + 3.5% 10 Dec 2012 48,586 48,586
RMB floating rate term loan PBOC rate *118% 10 Dec 2012 9,458 9,458
USD floating rate term loan LIBOR + 3.5% 22 Dec 2013 141,388 136,764
USD floating rate term loan LIBOR + 3% 26 Jul 2015 354,750 350,804
RMB floating rate term loan PBOC rate 2 Jun 2015 79,950 79,061
USD floating rate term loan LIBOR + 4.5% 2 Jun 2015 32,143 31,785
666,275 656,458
As at 31 December 2011, the effective interest rates for bank borrowings ranged from 3.58% to 5.08%, (2010: 3.26%
to 4.76%) per annum for USD term loans and 6.90% to 8.31%, (2010: 6.22% to 6.90%) per annum for RMB term
loans.
Intra-group financial guarantees
Intra-group financial guarantees comprise guarantees given by the Trust to banks in respect of various banking facilities
amounting to $797.5 million (2010: $666.3 million) granted to subsidiaries which expire on the date listed as above.
SAR1112034_TCT_AR_().indb 89 3/23/2012