/ 1 3 5
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
9.
Interest-bearing borrowings
Group
Trust
2015
2014
2015
2014
$’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
100,000 300,000 100,000 300,000
Unsecured loan
113,500
–
113,500
–
Fixed rate notes (unsecured)
315,000 130,000
–
–
Loan from subsidiary (unsecured)
–
–
315,000 130,000
Unamortised loan transaction costs
(3,246)
(4,504)
(3,246)
(4,504)
525,254 425,496 525,254 425,496
Total interest-bearing borrowings
525,254 475,448 525,254 475,448
The weighted average all in cost of debt on the borrowings as at 31 December 2015 was 3.7% (2014: 3.7%)
per annum.
Terms and debt repayment schedule
Terms and conditions of outstanding loans and borrowings are as follows:
‹---------- 2015----------›
‹----------2014----------›
Group
Nominal
interest rate
Year of
maturity
Face
value
Gross
carrying
amount
Face
value
Gross
carrying
amount
%
$’000
$’000
$’000
$’000
Secured
Term loan facility
– S$ floating rate loan SOR* + margin 2017 100,000 100,000 100,000 100,000
Club loan facility
– S$ floating rate loan SOR* + margin 2016
–
–
200,000 200,000
Unsecured
Term loan facility
– S$ fixed rate loan
3.60% 2019 100,000 100,000
–
–
– S$ floating rate loan SOR* + margin 2019
13,500
13,500
–
–
Medium Term Notes
– S$ fixed rate notes
4.10% 2020
30,000
30,000
30,000
30,000
– S$ fixed rate notes
3.50% 2018 155,000 155,000 100,000 100,000
– S$ fixed rate notes
3.95% 2020 130,000 130,000
–
–
– S$ fixed rate notes
4.75% 2015
–
–
50,000
50,000
528,500 528,500 480,000 480,000
