Capitaland Mall Trust - Annual Report 2015 - page 86

84 CapitaLand Mall Trust
Annual Report 2015
Capital Management
1 Drawdown of S$44.0 million under Silver Oak from the S$300.0 million revolving credit facility. CMT’s 40.00% share thereof is S$17.6 million.
2 S$200.0 million five-year term loan under Silver Oak. CMT’s 40.00% share thereof is S$80.0 million.
3 US$645.0 million in principal amount of Class A Secured Floating Rate Notes with expected maturity on 21 June 2016 issued pursuant to the
S$10.0 billion Multicurrency Secured Medium Term Note Programme established by Silver Oak and are secured by its rights to Raffles City
Singapore. The proceeds have been swapped into S$800.0 million. CMT’s 40.00% share thereof is S$320.0 million.
4 US$400.0 million 3.731% fixed rate notes were swapped to S$505.2 million at a fixed rate of 3.29% p.a. in March 2012.
xÊ á£ä°äÊLˆˆœ˜Ê£°Î䙯ÊwÝi`ÊÀ>ÌiʘœÌiÃÊÜiÀiÊÃÜ>««i`Ê̜Ê>««ÀœÝˆ“>ÌiÞÊ-f£xÇ°Èʓˆˆœ˜Ê>ÌÊ>ÊwÝi`ÊÀ>ÌiʜvÊӰǙ¯Ê«°>°Êˆ˜Ê"V̜LiÀÊÓä£Ó°
6 S$540.0 million secured banking facilities by Infinity Mall Trust due in October 2019. CMT’s 30.00% share thereof is S$162.0 million.
ÇÊ á£ä°äÊLˆˆœ˜Ê£°äΙ¯ÊwÝi`ÊÀ>ÌiʘœÌiÃÊÜiÀiÊÃÜ>««i`Ê̜Ê-f£ÓÈ°äʓˆˆœ˜Ê>ÌÊ>ÊwÝi`ÊÀ>ÌiʜvÊΰ££™¯Ê«°>°Êˆ˜Ê œÛi“LiÀÊÓä£Î°
nÊ áx°äÊLˆˆœ˜Êvœ>̈˜}ÊÀ>ÌiÊ­>ÌÊ·“œ˜Ì Ê *9Ê ",ʳÊä°{n¯Ê«°>°®Ê˜œÌiÃÊÜiÀiÊÃÜ>««i`Ê̜Ê-fÈÓ°äʓˆˆœ˜Ê>ÌÊ>ÊvˆÝi`ÊÀ>ÌiʜvÊΰ£{n¯Ê«°>°
in February 2014.
9 HK$1.15 billion 3.76% fixed rate notes were swapped to S$190.1 million at a fixed rate of 3.45% p.a. in June 2012.
£äÊán°ÈÊLˆˆœ˜Êvœ>̈˜}ÊÀ>ÌiÊ­>ÌÊ·“œ˜Ì Ê *9Ê ",ʳÊä°Óx¯Ê«°>°®Ê˜œÌiÃÊÜiÀiÊÃÜ>««i`Ê̜Ê-f£ää°äʓˆˆœ˜Ê>ÌÊ>ÊvˆÝi`ÊÀ>ÌiʜvÊÓ°nx¯Ê«°>°
in February 2015.
11 HK$885.0 million 3.28% fixed rate notes were swapped to S$140.0 million at a fixed rate of 3.32% p.a. in November 2012.
12 HK$650.0 million 3.25% fixed rate notes were swapped to S$108.3 million at a fixed rate of 3.25% p.a. in November 2014.
13 HK$1.104 billion 2.77% fixed rate notes were swapped to S$192.8 million at a fixed rate of 3.25% p.a. in February 2015.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Secured revolving credit facility from Silver Oak - 40.00% interest in RCS Trust
Secured term loan from Silver Oak - 40.00% interest in RCS Trust
Secured CMBS from Silver Oak - 40.00% interest in RCS Trust
Notes issued under MTN Programme
Unsecured banking facilities
Notes issued under Euro-Medium Term Note Programme
Secured banking facilities - 30.00% interest in Infinity Mall Trust
Retail Bonds due to 2021 fixed rate of 3.08% per annum (p.a.)
Debts with secured assets
Debt Maturity Profile as at 31 December 2015
(including CMT’s 40.00% interest in RCS Trust and CMT’s 30.00% interest in Infinity Mall Trust)
(S$ million)
Silver Oak: Silver Oak Ltd. CMBS: Commercial mortgage backed securities.
417.6
395.0
500.7
418.9 412.0
240.0
450.0
300.0
192.813
108.312
140.0 11
190.1 9
62.08
350.0 100.0
132.0
60.9
181.1
150.0
100.0
505.2 4 157.65
126.0 7
100.0 10
150.0
320.03
17.61
80.02
162.06
145.0