Group and Segment Highlights Deck
Debt Profile
"Fixed vs Floating Interest
Rate" Debt Profile
- Balanced
Fixed
Rate
53%
$3.4b
$3.1b
Floating
Rate
47%
21 |
$6.5b Borrowings
as at 31 Dec 2022
ST Engineering
• Fixed vs floating interest rate ratio of
53% 47% balanced and in accordance
with interest rate hedging policy1
•
.
Marginal increase in Group weighted
average borrowing cost for FY2022
- 2.4% (2022) vs 2.3% (2021)
Weighted average borrowing cost of existing
fixed rate borrowings is mid 2%
• Plan to issue US$500m of fixed rate debt
.
•
with T-lock gain amortisation of US$32m
FY2023 weighted average cost of
borrowings estimated to be low 3%²
12021 Annual Report, page 201
2 Assuming even if U.S. Fed Funds rate increases by up to 100bps from
4.5% -4.75% to peak at 5.5% - 5.75% in 2nd half of 2023View entire presentation