on 30 June 2041. The facility bears a floating rate of EURIBOR plus 0.9% margin. (c) Commercial Term Facility 20 years facility with the maturity on 30 June 2041. The facility bears a floating rate of EURIBOR plus 1.5% to 1.6% margin. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 270 26 BORROWINGS (CONTINUED) (a) Term loans (continued) (viii) Term Loan - Vantage Solar UK Limited (‘VSUK’) In February 2022, VSUK has refinanced the previous facility with a new external loan from non-banking institutions to replace the existing lenders. The new financing facility amounted to GBP274.9 million, with a fixed interest rate at 2.8% maturing on 31 March 2035. The facility is secured against VSUK’s assets, i.e. machinery, buildings, and land. (ix)Term Loan - Cooling Energy Supply Sdn. Bhd. (‘CES’) On 29 June 2022, CES obtained a 15-year RM147.0 million Tawarruq Term Financing-i ('TF-i') to part finance 80.0% of the total project cost, relating to the concession to operate, maintain and upgrade an existing district cooling co-generation plant and supply electricity and chilled water to Kuala Lumpur International Airport (‘KLIA’) with a floating profit rate at the prevailing KLIBOR plus 0.5% per annum with maximum capping of 12.0% per annum. The TF-i facility will mature on 29 June 2037. The term loan is secured by the following: (a) Deed of Assignment of CES’s proceeds, rights, title, profits/interests and benefit in respect of the Concession Agreement, the Cooling Energy Supply Agreements and the Electricity Supply Agreement; (b) Assignment of relevant Takaful Contracts in relation to the Project; (c) Debenture comprising fixed and floating charges over all present and future assets of CES; and (d) Charge over the Designated Accounts (i.e. the Revenue Account and the Operating Account). (x) Term Loan - TNB Bukit Selambau Solar Dua Sdn. Bhd. (‘TBSS2’) On 30 September 2022, TBSS2 secured a Term Financing-i Facility from CIMB Islamic Bank Berhad, amounting up to