NOTES TO THE FINANCIAL STATEMENTS
10 Interest-bearing borrowings
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Current liabilities
Fixed rate notes (unsecured)
50,000
–
–
–
Loan from subsidiary (unsecured)
–
– 50,000
–
Unamortised loan transaction costs
(48)
–
(48)
–
49,952
– 49,952
–
Non-current liabilities
Secured loans
300,000 312,172 300,000 312,172
Fixed rate notes (unsecured)
130,000 50,000
–
–
Loan from subsidiary (unsecured)
–
– 130,000 50,000
Unamortised loan transaction costs
(4,504)
(7,269)
(4,504)
(7,269)
425,496 354,903 425,496 354,903
Total interest-bearing borrowings
475,448 354,903 475,448 354,903
The Group issued $130 million Singapore Dollar Medium Term Notes (“MTN”) under its $500 million multi-
currency MTN Programme during the financial year.
Terms and debt repayment schedule
Terms and conditions of outstanding loans and borrowings are as follows:
‹--------- 2014---------› ‹---------2013---------›
Group
Nominal
interest rate
Year of
maturity
Face
value
Gross
carrying
amount
Face
value
Gross
carrying
amount
%
$’000
$’000
$’000
$’000
Secured
Club loan facility
– S$ floating rate loan SOR* + margin
2016 200,000 200,000 200,000 200,000
(Facility A & B)
– S$ floating rate loan SOR* + margin
2016
–
– 12,172
12,172
(Facility D)
Term loan facility
– S$ floating rate loan SOR* + margin
2017 100,000 100,000 100,000 100,000
Unsecured
Medium Term Note
– S$ fixed rate note
4.75%
2015
50,000 50,000 50,000 50,000
– S$ fixed rate note
4.10%
2020 30,000 30,000
–
–
– S$ fixed rate note
3.50%
2018 100,000 100,000
–
–
480,000 480,000 362,172 362,172
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
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