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18. Borrowings
Facility
(drawn
down)
R000
Secured
by invest-
ment
property
at fair
value
Capital
repayment
date
Interest
rate
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
SA Rand bank facilities
R9,5 billion*
Nedbank
R2,3 billion of the Nedbank loans are fixed
at an average rate of 8,7% and have an
average maturity of 5,6 years
722 914
#
722 914
#
1 203 935
August 2016
Prime – 1,8%
788 936
656 186
788 936
656 186
1 540 304
June 2018
Prime – 1,8%
1 537 902
1 536 380
1 537 902
1 536 380
Rand Merchant Bank (a division of
FirstRand Bank Limited)
The loan was fixed until September 2014
at an average rate of 9,23%
September
2014
JIBAR + 1,75%
200 000
#
200 000
#
The Standard Bank of South Africa
Limited
The drawn down amount of R393 million
was floating at 30 June 2014
December
2014
JIBAR + 0,8%
393 117
#
393 117
#
US Dollar bank facilities
RMB
86% of the drawn down amount of
R296,8 million (USD24,2 million) is fixed for
the full term. The average rate is 4,6%
USD30
million
R3,4 billion
(40% of
Canal Walk)
May 2018
LIBOR + 3,2%
296 820
172 272
The Standard Bank of South Africa
Limited
R5,7 billion
(40% of
Canal Walk,
75,15% of
The Glen)
86% of the drawn down amount of
R1,2 billion (USD96,4 million) is fixed. The
average rate is 4,38%
USD100
million
August 2019 LIBOR + 2,75%
1 183 585
The drawn down amount of
R603,3 million (USD57,5 million) was
floating and was settled by African Land
in September 2014
December
2016
LIBOR + 4,75%
603 259
Standard Finance (Isle of Man) Limited
The drawn down amount of
R485,9 million (USD39,6 million) is fixed for
the full term at an average rate of 4,2%
USD40
million
R5,7 billion
(40% of
Canal Walk,
75,15% of
The Glen)
October
2017
LIBOR + 3,17%
485 940
417 639
96% of the drawn down amount of
R226,7 million (USD18,5 million) is fixed for
the full term. The average rate is 4,4%
USD20
million
November
2018
LIBOR + 2,85%
226 726
200 086
* CapeGate, Atterbury Value Mart, Woodlands Boulevard, Clearwater Mall and Willowbridge South
123
Hyprop Investments Limited
Integrated Report 2015