Page 86 - Forterra

84 FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
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
Carrying
amount
2012 % $’000 $’000
USD floating rate term loan LIBOR + 4.25% 11 Jun 2015 58,435 57,168
RMB floating rate term loan PBOC *128% 11 Jun 2015 9,615 9,394
USD floating rate term loan LIBOR + 3% 26 Jul 2015 326,730 326,730
RMB floating rate term loan PBOC 2 Jun 2015 79,160 77,224
RMB floating rate term loan PBOC 17 Feb 2016 60,158 58,687
USD floating rate term loan LIBOR + 4.5% 2 Jun 2015 30,562 29,815
RMB floating rate term loan PBOC 25 Sep 2020 51,020 51,020
RMB floating rate term loan PBOC *123% 11 Jul 2014 9,419 9,306
USD floating rate term loan LIBOR + 3.5% 11 Jul 2014 51,345 50,570
HKD floating rate term loan HIBOR + 1.8% 19 Nov 2013 2,366 2,366
678,810 672,280
2011
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
As at 31 December 2012, the effective interest rates for bank borrowings ranged from 3.43% to
5.07%, (2011: 3.58% to 5.08%) per annum for the USD term loans, 6.40% to 8.24%, (2011: 6.90% to
8.31%) per annum for the RMB term loans and 2.08% (2011: N.A.) per annum for the HKD term loan.