Page 106 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
104
10 INTEREST-BEARING BORROWINGS (CONTINUED)
Terms and debt repayment schedule
Terms and conditions of the outstanding loans are as follows:
Nominal
interest rate
per annum
Final
maturity
date
Face
value
Carrying
amount
% $’000 $’000
2013
USD floating rate term loan LIBOR +4.25% 11 Jun 2015 60,430 59,672
RMB floating rate term loan PBOC * 128% 11 Jun 2015 9,818 9,680
USD floating rate term loan LIBOR + 3% 26 Jul 2015 326,839 326,839
RMB floating rate term loan PBOC 2 Jun 2015 82,891 81,712
RMB floating rate term loan PBOC 17 Feb 2016 90,843 89,551
USD floating rate term loan LIBOR + 4.5% 2 Jun 2015 31,606 31,156
RMB floating rate term loan PBOC 25 Sep 2020 48,047 48,047
RMB floating rate term loan PBOC * 123% 11 Jul 2014 9,609 9,569
USD floating rate term loan LIBOR + 3.5% 11 Jul 2014 53,097 52,786
713,180 709,012
2012
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
As at 31 December 2013, the effective interest rates for bank borrowings ranged from 3.25% to
4.75%, (2012: 3.43% to 5.07%) per annum for the USD term loans, 6.10% to 7.81%, (2012: 6.40%
to 8.24%) per annum for the RMB term loans.