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Interest-Bearing Liabilities and Financing Facilities (Tables)
 12 Months Ended
Dec. 31, 2024
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
Other
Total
US$m
US$m
US$m
US$m
US$m
US$m
US$m
US$m
Year ended 31 December 2024
At 1 January 2024
(1
) 
(6
) 
594
-
4,087
200
-
4,874
Debt acquired through asset acquisitions
1
-
-
-
-
-
-
169
169
Repayments
1,2
-
-
-
-
-
-
(169
)
 
(169
)
Drawdowns
2
-
500
1,650
1,000
2,000
-
-
5,150
Transaction costs capitalised and amortised
1
1
(11
) 
-
(18
) 
-
-
(27
) 
Carrying amount at 31 December 2024
-
495
2,233
1,000
6,069
200
-
9,997
Current
-
(2
) 
(4
) 
-
996
-
-
990
Non-current
-
497
2,237
1,000
5,073
200
-
9,007
Carrying amount at 31 December 2024
-
495
2,233
1,000
6,069
200
-
9,997
Undrawn balance at 31 December 2024
-
1,600
1,200
-
-
-
-
2,800
Year ended 31 December 2023
At 1 January 2023
-
(5
) 
591
83
4,084
385
-
5,138
Repayments
2
-
-
-
(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
3
(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
 
1.
Refer to Note B.7 for details on asset acquisitions. The debt acquired through asset acquisitions was repaid during the year.
2.
Included in cash flows classified within financing activities in the consolidated statement of cash flows.
3.
The balance relates to capitalised costs amortised within 12 months. This balance was reclassified to other assets (current) for presentation on the consolidated 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.
 
     
2024
    US$m
     
2023
    US$m
  
Due for payment in:
      
1 year or less
   
1,480
  
212
1-2
years
   
1,747
  
1,181
2-3
years
   
1,262
  
962
3-4
years
   
1,325
  
907
4-5
years
   
1,965
  
883
More than 5 years
   
5,815
  
1,534
  
13,594
  
5,679
Bilateral facilities [member]  
Interest bearing liabilities and financing facilities [line items]  
Summary of interest bearing and bilateral loan liabilities
The Group has 13 bilateral loan facilities totalling $2,100 million (2023: 15 bilateral loan facilities totalling $2,250 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
4
  
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. 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
and two series of unsecured bonds issued in accordance with the registration requirements of the
US Securities Act of 1933
(SEC-registered
bonds)
as set out below:
 
Maturity date
Carrying amount US$m
Nominal interest rate
Bond type
5 March 2025
1,000
3.65
% 
144A
       
15 September 2026
800
3.70
% 
144A
       
15 March 2028
800
3.70
% 
144A
       
4 March 2029
1,500
4.50
% 
144A
       
12 September 2034
1,250
5.10
% 
SEC-registered
       
12 September 2054
750
5.70
% 
SEC-registered