228 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 31. LOANS AND BORROWINGS (Contd.) Group 2022 RM’000 2021 RM’000 Non-current Secured: Sukuk Murabahah RM650M 466,510 513,442 Sukuk Murabahah RM310M 106,667 - Musharakah Medium Term Notes (“mMTN”) 302,613 353,377 Term loan 1 5,574 - Term loan 2 1,387 - Term loan 6 - 6,219 Term loan 7 - 2,050 Islamic bridging facility 29,337 - 912,088 875,088 Unsecured: Convertible unsecured loan stocks (“CULS”) 6,776 6,664 Lease liabilities (Note 17) 13,851 12,110 20,627 18,774 Total non-current interest-bearing loans and borrowings 932,715 893,862 Total interest-bearing loans and borrowings 1,099,243 1,044,336 The annual interest rates at the reporting date are as follows: Repayment Maturity Group 2022 % 2021 % Secured Sukuk Murabahah RM650M 2030 6.76 6.76 Sukuk Murabahah RM310M 2042 6.61 - Musharakah Medium Term Notes (“mMTN”) 2029 6.30 5.16 Term loan 1 2026 MLR - 1.0 - Term loan 2 2026 MLR - 1.0 - Term loan 6 2028* MLR - 0.5 MLR - 1 Term loan 7 2027* MLR - 0.5 MLR - 1 Bank overdrafts On demand BFR - 1 BFR - 1 Islamic bridging facility 2023 ICF+2.00 ICF+2.00 Revolving credit 2023 5.09 4.10 Unsecured: Bank overdrafts On demand BFR + 1.5 BFR + 1.5 Convertible unsecured loan stock (“CULS”) 2025 12.50 12.50 * early settlement in year 2022. The incremental borrowing rates on lease liabilities ranged from 3.00% to 6.90% (2021: 2.33% to 6.90%) per annum.
RkJQdWJsaXNoZXIy ODQxNzg=