40 Details of long- term borrowings from financial institutions As at 31 December 2023 and 2022, the Company has entered into the following long-term borrowing agreements with financial institutions are summarised as follows: 1. On 1 July 2019, the Company entered into the unsecured Facility Agreement of Baht 3,500 million with a local financial institution. The agreement is for a period of 8 years with an interest rate at 6-month fixed deposit rate plus a certain margin per annum. The interest is payable monthly whereas the principal repayment is separated into 10 semi-annually installments, starting from October 2023 (the 42nd months from the first draw down). The facility was fully drawn down. On 5 July 2019, the Company entered into the unsecured Facility Agreement of Baht 1,000 million with a local financial institution. The agreement is for a period of 8 years with an interest rate at 6-month fixed deposit rate plus a certain margin per annum. The interest is payable monthly whereas the principal repayment is separated into 10 semi-annually installments, starting from October 2023 (the 42nd month from the first draw down). The facility was fully drawn down. 2. Unsecured loans with facilities of Baht 15,000 million with 4 local financial institutions are for a period of 8 years from the first draw down with the interest rate of the average maximum 6-month fixed deposit rate of 4 commercial banks plus a certain margin per annum. The interest is payable monthly whereas the principal repayment is separated into 10 semi-annually installments, starting from 30 November 2020 (the 42nd month from the first draw down). The facilities were fully drawn down. 3. On 1 July 2019, the Company entered into the unsecured Facility Agreement of Baht 3,000 million with a local financial institution. The agreement is for a period of 8 years with an interest rate at 6-month fixed deposit rate plus a certain margin per annum. The interest is payable monthly whereas the principal repayment is separated into 10 semi-annually installments, starting from June 2023. The facility was fully drawn down. 4. On 1 July 2019, the Company entered into the unsecured Facility Agreement of Baht 2,500 million with a local financial institution. The agreement is for a period of 7 years with an interest rate at 6-month fixed deposit rate plus a certain margin per annum. The interest is payable semi-annually whereas the principal repayment is separated into 10 semi-annually installments, starting from March 2022. The facility was fully drawn down. 333 56-1 ONE REPORT 2023 Notes to the Consolidate Financial Statements
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