ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 197 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 26. BANK AND OTHER BORROWINGS (continued) Company 31 December 2019 31 December 2018 Effective interest Maturity USD’000 Effective interest Maturity USD’000 rate (%) rate (%) Current Bank loans — secured 2.70 2020 1,000 4.10 2019 42,450 Bank loans — unsecured 3.60 2020 148,998 – Other borrowings — secured – 7.60 2019 297,241 149,998 339,691 Non-current Bank loans — secured 2.70 2022 41,450 – Bank loans — unsecured 4.80 2022 99,053 – Bonds — unsecured 6.75-7.875 2022 677,372 – 817,875 – 967,873 339,691 Debt maturity profile of bank and other borrowings: As at 31 December As at 31 December 2019 2018 USD’000 USD’000 Bank loans repayable Within one year 149,998 42,450 In the second year 1,000 – In the third to fifth year, inclusive 139,503 – Beyond five years – – 290,501 42,450 Bonds and other borrowings repayable Within one year – 297,241 In the second year – – In the third to fifth year, inclusive 677,372 – Beyond five years – – 677,372 297,241 967,873 339,691 Notes: (a) As at 31 December 2019, certain of the Group’s completed investment properties and investment properties under construction in total fair value of USD1,899,602,000 (2018: USD1,591,741,000) (note 19(c)), property, plant and equipment with a carry amount of USD26,546,000 (2018: USD16,512,000) (note 13), pledged bank deposits with an amount of USD45,800,000 (2018: USD44,711,000)(note 25), listed equity interests at market value with a fair value of USD205,505,000 (2018: USD122,176,000)(note 18), and equity interests in the Company and certain subsidiaries were pledged to secure bank and other borrowings granted to the Group. (b) In February 2019, the Group issued SGD350,000,000 fixed rate notes of bearing interest at 6.75% per annum which will be due in February 2022. In April 2019, the Group issued USD425,000,000 fixed rate notes of bearing interest at 7.875% per annum which will be due April 2022 under the Group’s USD2.0 billion Multicurrency Debt Issuance Programme.