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Interest-Bearing Liabilities and Financing Facilities (Tables)
 12 Months Ended
Dec. 31, 2023
Interest bearing liabilities and financing facilities [line items]  
Summary of interest bearing and bilateral loan liabilities
 
C.2
 
Interest-bearing liabilities and financing facilities
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Liquidity
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
    
US$m
  
               
Year ended 31 December 2023
                                                         
               
At 1 January 2023
   
 
-
 
  
 
(5
) 
  
 
591
 
  
 
83
 
  
 
4,084
 
  
 
385
 
  
 
5,138
 
               
Repayments
1
   
 
-
 
  
 
-
 
  
 
-
 
  
 
(83
) 
  
 
-
 
  
 
(201
) 
  
 
(284
) 
               
Fair value adjustment and foreign exchange movement
   
 
-
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
16
 
  
 
16
 
               
Transaction costs capitalised and amortised
   
 
(1
) 
  
 
(1
) 
  
 
3
 
  
 
-
 
  
 
3
 
  
 
-
 
  
 
4
 
               
Carrying amount at 31 December 2023
   
 
(1
) 
  
 
(6
) 
  
 
594
 
  
 
-
 
  
 
4,087
 
  
 
200
 
  
 
4,874
 
               
Current
2
   
 
(1
) 
  
 
(2
) 
  
 
(3
) 
  
 
-
 
  
 
(3
) 
  
 
-
 
  
 
(9
) 
               
Non-current
   
 
-
 
  
 
(4
) 
  
 
597
 
  
 
-
 
  
 
4,090
 
  
 
200
 
  
 
4,883
 
               
Carrying amount at 31 December 2023
   
 
(1
) 
  
 
(6
) 
  
 
594
 
  
 
-
 
  
 
4,087
 
  
 
200
 
  
 
4,874
 
               
Undrawn balance at 31 December 2023
   
 
1,800
 
  
 
2,250
 
  
 
2,000
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
6,050
 
               
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
 
 
1.
Included in cash flows classified within financing activities in the consolidated statement of cash flows.
2.
The balance relates to capitalised costs to be amortised within the next 12 months. This balance has been reclassified to other assets (current) for presentation on the statement of financial position.
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.
 
 
 
 
 
 
 
 
 
 
     
2023
    US$m
     
2022
    US$m
  
     
Due for payment in:
                  
     
1 year or less
   
 
212
 
   
 
483
 
     
1-2
years
   
 
1,181
 
   
 
206
 
     
2-3
years
   
 
962
 
   
 
1,181
 
     
3-4
years
   
 
907
 
   
 
962
 
     
4-5
years
   
 
883
 
   
 
908
 
     
More than 5 years
   
 
1,534
 
   
 
2,416
 
     
 
   
 
5,679
 
   
 
6,156
 
Bilateral facilities [member]  
Interest bearing liabilities and financing facilities [line items]  
Summary of interest bearing and bilateral loan liabilities
The Group has 15 bilateral loan facilities totalling $2,250 million (2022: 14 bilateral loan facilities totalling $2,050 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
5
  
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. One note is currently issued under this programme as set out below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maturity date
   
Currency
     
Carrying amount (million)
     
Nominal interest rate
  
       
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 series of unsecured bonds issued in reliance on 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 2028
            
 
800
 
   
 
3.70
% 
       
4 March 2029
            
 
1,500
 
   
 
4.50
%