Federal Government provided RM2,028.1 million loans to SESB from 6 January 2003 to 11 April 2016 to finance the development project under the Malaysia Plan and electricity infrastructure development and upgrading projects in the state of Sabah. These loans have tenures ranging from 20 to 25 years, bearing applicable fixed interest rates of between 0% to 4.0% per annum. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 269 26 BORROWINGS (CONTINUED) (a) Term loans (continued) (ii) Term Loans - SESB Federal Government Loans (continued) The loans are secured by the following: • A debenture creating: - a first fixed charge over all present and future freehold and leasehold properties including all buildings and fixtures; and - a first floating charge over all present and futureassets of SESB not effectively charged by way of the fixed charge. • A deed of assignment transferring all SESB’s present and future rights and interests in all sales proceeds or revenue derived from the sale of electricity generated from the projects funded. • A deed of assignment transferring all SESB’s present and future rights and interests in the bank accounts in which the loan proceeds are credited. (iii) Term Loan - TSS On 19 July 2017, TSS entered into a 20-year secured Istisna’ Term Financing-i for a maximum principal of RM280.0 million to finance the construction of a 50MW solar power plant in Kuala Langat. The profit rate is based on Kuala Lumpur Interbank Offered Rate ('KLIBOR') plus a prevailing margin per annum. The financing is secured over the cash flows generated from the power plant and has a maturity date of 30 June 2037. (iv) Term Loan - TWV On 28 March 2018, TWV obtained a secured debt facility of GBP120.0 million for the purpose of refinancing the senior debt facility held by GVO Wind Limited (‘GVO’) and Bluemerang Capital Limited (‘BCL’), the wholly owned subsidiaries of TWV. The debt facility is secured against TWV’s assets, i.e. machinery, buildings and land. Following the London Interbank