154 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 15 LOANS AND BORROWINGS Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Current Medium term notes (“MTN”) 558,420 751,043 – – Euro-Medium term notes (“EMTN”) 275,580 150,927 – – Bank loans 201,399 99,597 – – Term loans – – 357,090 450,000 Unamortised transaction costs (204) (211) (71) (129) 1,035,195 1,001,356 357,019 449,871 Non-current MTN 2,132,717 3,078,322 – – EMTN 1,185,322 557,065 – – Bank loans 4,605,299 4,858,772 3,392,867 3,234,857 Term loans – – 3,247,026 3,104,116 Unamortised transaction costs (13,386) (17,785) (10,412) (13,251) 7,909,952 8,476,374 6,629,481 6,325,722 Total loans and borrowings 8,945,147 9,477,730 6,986,500 6,775,593 Terms and debt repayment schedule Terms and conditions of outstanding loans and borrowings are as follows: 2024 2023 Nominal interest rate Year of maturity Face value Carrying amount Face value Carrying amount % $’000 $’000 $’000 $’000 Group Unsecured USD fixed rate MTN 3.61 2029 402,603 402,121 395,373 394,778 JPY fixed rate MTN 0.73 2027 86,877 86,798 93,190 93,085 HKD fixed rate MTN and EMTN 2.50 – 4.85 2025 to 2033 976,301 975,108 955,597 954,113 SGD fixed rate MTN and EMTN 2.10 – 3.94 2025 to 2035 2,686,258 2,682,993 3,093,197 3,090,347 SGD bank loans SORA + Margin 2026 to 2034 2,483,247 2,479,013 2,565,026 2,558,224 EUR fixed bank loans 0.88 2026 72,637 72,511 174,815 174,588 EUR floating bank loans EURIBOR + Margin 2029 to 2030 391,502 390,447 305,788 305,041 AUD bank loans BBSW + Margin, BBSY + Margin 2025 to 2028 986,369 984,613 1,029,812 1,026,505 8,085,794 8,073,604 8,612,798 8,596,681 Secured SGD bank loans SORA + Margin 2029 501,000 499,865 496,000 494,610 EUR bank loans 0.75 – 1.33 2025 to 2026 371,943 371,678 386,928 386,439 872,943 871,543 882,928 881,049 Total loans and borrowings 8,958,737 8,945,147 9,495,726 9,477,730
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