NOTES TO THE FINANCIAL STATEMENTS
10 Interest-bearing borrowings (Cont’d)
‹--------- 2014---------› ‹---------2013---------›
Trust
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
Loan from subsidiary
– S$ fixed rate loan
4.75%
2015
50,000 50,000 50,000 50,000
– S$ fixed rate loan
4.10%
2020 30,000 30,000
–
–
– S$ fixed rate loan
3.50%
2018 100,000 100,000
–
–
480,000 480,000 362,172 362,172
* Swap Offer Rate.
The nominal interest rate for the S$ floating rate loans is determined by a margin plus SOR per annum.
The following are the expected contractual undiscounted cash inflows/(outflows) of interest-bearing borrowings
including interest payments and other borrowing costs, and trade and other payables:
‹-------------- Cash flow --------------›
Group
Gross
carrying
amount
Contractual
cash flows
Within
1 year
Within
1 to 5 years
More than
5 years
$’000
$’000
$’000
$’000
$’000
2014
Non-derivative financial liabilities
Club loan facility
– S$ floating rate loan (Facility A & B)
200,000 (209,031)
(6,341)
(202,690)
–
Term loan facility
– S$ floating rate loan
100,000 (105,868)
(2,065)
(103,803)
–
Medium Term Note
– S$ fixed rate note
50,000
(50,462)
(50,462)
–
–
– S$ fixed rate note
30,000
(36,554)
(1,014)
(4,923)
(30,617)
– S$ fixed rate note
100,000 (113,463)
(2,953)
(110,510)
–
Trade and other payables *
37,807
(37,807)
(25,509)
(12,298)
–
517,807
(553,185)
(88,344)
(434,224)
(30,617)
Derivative financial asset
Interest rate swaps
(287)
71
(71)
142
–
517,520 (553,114)
(88,415)
(434,082)
(30,617)
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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