Maxis Berhad
Annual Report 2015
page
130
Notes to the Financial Statements
31 December 2015
22 DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED)
The details of the derivative financial instruments are set out as below:
(a) CCIRS
Commencement
date
Contract/
Notional amount
2015
RM’000
2014
RM’000
Exchange Rate
Interest Rate
24 February 2010
1,287,750
2,129,250 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.40/USD according
to the scheduled principal and interest
repayment of the syndicated loan in which
principal exchange occurs semi-annually
commencing from the fourth year of the
syndicated loan.
The Group and Company pay a
fixed interest rate of 4.75% per
annum in exchange for receiving
London Interbank Offered Rate
(“LIBOR”) plus a spread on the
amortising outstanding principal
amount.
13 August 2010
314,500
314,500 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.145/USD for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company pay a
fixed interest rate of 5.25% per
annum in exchange for receiving
LIBOR plus a spread on the
notional principal amount.
28 February 2011
304,900
304,900 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.048/USD and
RM3.050/USD on each USD50 million
respectively for its principal and interest in
which at the end of the tenure, principal is on
bullet repayment basis.
The Group and Company pay
Kuala Lumpur Interbank Offered
Rate (“KLIBOR”) plus a spread
in exchange for receiving LIBOR
plus a spread on the notional
principal amount.
28 February 2011
167,300
167,300 The Group and Company pay RM in exchange
for receiving SGD at a predetermined
exchange rate of RM2.39/SGD for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company
pay KLIBOR plus a spread in
exchange for receiving Singapore
Swap Offer Rate (“SOR”) plus a
spread on the notional principal
amount.
14 June 2011
227,250
227,250 The Group and Company pay RM in exchange
for receiving USD at a predetermined
exchange rate of RM3.03/USD for its
principal and interest in which at the end of
the tenure, principal is on bullet repayment
basis.
The Group and Company pay a
fixed interest rate of 4.99% in
exchange for receiving LIBOR
plus a spread on the notional
principal amount.
