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Interest-Bearing Liabilities and Financing Facilities (Tables)
 12 Months Ended
Dec. 31, 2022
Interest bearing liabilities and financing facilities [line items]  
Summary of interest bearing liability and financing facility
C.2
  
Interest-bearing liabilities and financing facilities
 
    
Bilateral
Facilities
    
Syndicated
Facilities
    
JBIC Facility
    
US Bonds
    
Medium Term
Notes
    
Total
  
     
US$m
    
US$m
    
US$m
    
US$m
    
US$m
    
US$m
  
             
Year ended 31 December 2022
                                                 
             
At 1 January 2022
   
 
(4
) 
  
 
595
 
  
 
166
 
  
 
4,081
 
  
 
592
 
  
 
5,430
 
             
Repayments
1
   
 
-
 
  
 
-
 
  
 
(83
) 
  
 
-
 
  
 
(200
) 
  
 
(283
) 
             
Fair value adjustment and foreign exchange movement
   
 
-
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
(7
) 
  
 
(7
) 
             
Transaction costs capitalised and amortised
   
 
(1
) 
  
 
(4
) 
  
 
-
 
  
 
3
 
  
 
-
 
  
 
(2
) 
             
Carrying amount at 31 December 2022
   
 
(5
) 
  
 
591
 
  
 
83
 
  
 
4,084
 
  
 
385
 
  
 
5,138
 
             
Current
   
 
(2
) 
  
 
(3
) 
  
 
83
 
  
 
(3
) 
  
 
185
 
  
 
260
 
             
Non-current
   
 
(3
) 
  
 
594
 
  
 
-
 
  
 
4,087
 
  
 
200
 
  
 
4,878
 
             
Carrying amount at 31 December 2022
   
 
(5
) 
  
 
591
 
  
 
83
 
  
 
4,084
 
  
 
385
 
  
 
5,138
 
             
Undrawn balance at 31 December 2022
   
 
2,050
 
  
 
2,000
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
4,050
 
             
Year ended 31 December 2021
                                                 
             
At 1 January 2021
   
 
(4
) 
  
 
593
 
  
 
250
 
  
 
4,778
 
  
 
597
 
  
 
6,214
 
             
Repayments
1
   
 
-
 
  
 
-
 
  
 
(84
) 
  
 
(700
) 
  
 
-
 
  
 
(784
) 
             
Fair value adjustment and foreign exchange movement
   
 
-
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
(5
) 
  
 
(5
) 
             
Capitalised borrowing costs
   
 
-
 
  
 
2
 
  
 
-
 
  
 
3
 
  
 
-
 
  
 
5
 
             
Carrying amount at 31 December 2021
   
 
(4
) 
  
 
595
 
  
 
166
 
  
 
4,081
 
  
 
592
 
  
 
5,430
 
             
Current
   
 
(2
) 
  
 
(2
) 
  
 
83
 
  
 
(2
) 
  
 
200
 
  
 
277
 
             
Non-current
   
 
(2
) 
  
 
597
 
  
 
83
 
  
 
4,083
 
  
 
392
 
  
 
5,153
 
             
Carrying amount at 31 December 2021
   
 
(4
) 
  
 
595
 
  
 
166
 
  
 
4,081
 
  
 
592
 
  
 
5,430
 
             
Undrawn balance at 31 December 2021
   
 
1,900
 
  
 
1,200
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
3,100
 
 
1.
Included in cash flows classified within financing activities
in
the
consolidated
 
statement of cash flows.
Summary of maturity profile interest bearing liabilities
The table below presents the contractual undiscounted cash flows associated with the Group’s interest-bearing liabilities, representing principal and interest. The figures will not necessarily reconcile with the amounts disclosed in the consolidated statement of financial position.
 
     
2022
                US$m
     
2021
                US$m
  
Due for payment in:
      
1 year or less
   
 
483
 
   
 
470
 
1-2
years
   
 
206
 
   
 
462
 
2-3
years
   
 
1,181
 
   
 
188
 
3-4
years
   
 
962
 
   
 
1,169
 
4-5
years
   
 
908
 
   
 
951
 
More than 5 years
   
 
2,416
 
   
 
3,320
 
 
   
 
6,156
 
   
 
6,560
 
Bilateral facilities [member]  
Interest bearing liabilities and financing facilities [line items]  
Summary of bilateral loan facilities at the reporting date
The Group has 14 bilateral loan facilities totalling $2,050 million (2021: 14 bilateral loan facilities totalling $1,900 million). Details of bilateral loan facilities at the reporting date are as follows:
 
Number of facilities
  
Term (years)
  
Currency
  
Extension option
1
  
5 - 6
  
US$
  
Evergreen
5
  
4 - 5
  
US$
  
Evergreen
4
  
3 - 4
  
US$
  
Evergreen
4
  
3
years or less
  
US$
  
Evergreen
Medium Term Notes [member]  
Interest bearing liabilities and financing facilities [line items]  
Summary of detailed information about debt instruments
On 28 August 2015, the Group established a $3,000 million Global Medium Term Notes Programme listed on the Singapore Stock Exchange. Two notes have been issued under this programme as set out below:
 
Maturity date
   
Currency
     
Carrying amount (million)
     
Nominal interest rate
  
       
11 December 2023
   
 
CHF
 
   
 
185
 
   
 
1.00
% 
29 January 2027
   
 
US$
 
   
 
200
 
   
 
3.07
% 
The unutilised program is not considered to be an unused facility.
US Bonds [member]  
Interest bearing liabilities and financing facilities [line items]  
Summary of detailed information about debt instruments
The Group has four unsecured bonds issued in the United States of America as defined in Rule 144A of the
US Securities Act of 1933
as set out below:
 
Maturity date
   
            
     
Carrying amount US$m
     
Nominal interest rate
  
       
5 March 2025
      
 
1,000
 
   
 
                                                  3.65
% 
15 September 2026
      
 
800
 
   
 
3.70
% 
15 March 202
8
      
 
800
 
   
 
3.70
% 
4 March 2029
   
 
 
 
   
 
1,500
 
   
 
4.50
%