Hyprop Investments Limited Integrated annual report 2017

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Notes to the consolidated
financial statements continued
for the year ended 30 June 2017
122 Hyprop Investments Limited
Integrated annual report and consolidated financial statements2017
17. Borrowings continued
Capital repayment/
maturity date
Interest
rate
June 2017
R000
June 2016
R000
Debt capital market funding
Corporate bonds
Six-year bond – fixed until October 2020 at 9,4% November 2019 3-month JIBAR + 1,54% 450 000 450 000
Five-year bond – fixed for the full term at 7,3% September 2017 3-month JIBAR + 1,50% 300 000(5) 300 000
Five-year bond –fixed at an average rate of 8,0% with
a maturity of 0,6 years
May 2018 3-month JIBAR + 1,45% 450 000(5) 450 000
Five-year bond – fixed until September 2019 at 9,23% November 2019 3-month JIBAR + 1,50% 200 000 200 000
Three-year bond – floating July 2019 3-month JIBAR + 1,69% 357 881
Four-year bond – floating July 2020 3-month JIBAR + 1,79% 424 841
Five-year bond – fixed at an average rate of 9,7% with
a maturity of 6,5 years
July 2021 3-month JIBAR + 1,90% 316 873
Commercial paper
Six-month commercial paper
All repaid during the year
October 2016 6-month JIBAR + 0,4% 120 000
Three-month commercial paper August 2016 3-month JIBAR + 0,5% 80 000
Six-month commercial paper August 2016 6-month JIBAR + 0,45% 135 000
Six-month commercial paper August 2016 3-month JIBAR + 0,95% 105 000
Shareholder loans
AIH International Limited (shareholder loan to Gruppo
Investments Nigeria Limited, which owns Ikeja City Mall
in Lagos, Nigeria)(6) March 2021 17,25% 210 218 217 163
(5) Short-term
(6) Short-term portion R43 587
Total interest-bearing borrowings 8 900 638 9 926 088
Reconciliation to the statements of financial position
Non-current 5 068 332 8 632 036
Long-term portion of interest-bearing borrowings 5 068 332 8 632 036
Current 3 832 306 1 294 052
Short-term portion of interest-bearing borrowings 3 832 306 1 294 052
Total borrowings 8 900 638 9 926 088
}