12 LOANS AND BORROWINGS Group Company 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Non-current liabilities Bank loans (secured) 1,119,316 997,859 – – Bank loans (unsecured) 359,147 164,200 – – Medium term notes (unsecured) 77,632 – 77,632 – 1,556,095 1,162,059 77,632 – Current liabilities Bank loans (secured) 943,581 950,285 – – Bank loans (unsecured) 678,593 944,581 – – Medium term notes (unsecured) – 77,709 – 77,709 Convertible bonds (unsecured) 21,128 18,759 – – 1,643,302 1,991,334 – 77,709 The Group and the Company’s exposure to liquidity and market risks related to loans and borrowings are disclosed in note 23. Terms and debt repayment schedule Terms and conditions of outstanding loans and borrowings are as follows: Currency Nominal interest rate per annum Year of maturity Face value Carrying amount % $’000 $’000 Group 31 December 2024 Bank loans (secured) RMB 4.08 – 5.00 2025 – 2034 265,878 265,017 Bank loans (secured) SGD 4.38 – 8.57 2025 – 2027 1,803,795 1,797,880 Bank loans (unsecured) SGD 4.50 – 7.69 2025 – 2027 1,038,897 1,037,740 Medium term notes (unsecured) (1) SGD 6.50 2026 44,250 44,205 Medium term notes (unsecured) (1) SGD 6.50 2026 33,500 33,427 Convertible bonds (unsecured) SGD 3.00 2025 19,000 21,128 3,205,320 3,199,397 31 December 2023 Bank loans (secured) RMB 4.55 – 5.19 2025 – 2034 263,776 262,684 Bank loans (secured) SGD 0.82 – 8.78 2024 – 2026 1,692,507 1,685,460 Bank loans (unsecured) SGD 0.82 – 7.81 2024 – 2026 1,089,000 1,087,787 Bank loans (unsecured) USD 6.91 – 7.87 2024 21,089 20,994 Medium term notes (unsecured) (1) SGD 5.60 2024 33,500 33,470 Medium term notes (unsecured) (1) SGD 6.50 2024 44,250 44,239 Convertible bonds (unsecured) SGD 3.00 2024 19,000 18,759 3,163,122 3,153,393 Notes to the Financial Statements Year ended 31 December 2024 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 199 ANNUAL REPORT 2024
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