46 Digital debenture 6 amounting to Baht 900.0 million for 5 years with a fixed interest rate at 3.70 percent per annum, it will be matured on 31 May 2028. Digital debenture 7 amounting to Baht 200.0 million for 7 years with a fixed interest rate at 4.00 percent per annum, it will be matured on 31 May 2030. Digital debenture 8 amounting to Baht 200.0 million for 10 years with a fixed interest rate at 4.20 percent per annum, it will be matured on 31 May 2033. Interests for all tranches are payable on every 31 May and 30 November throughout the debentures period. Movements of the debentures account for the years ended 31 December 2023 and 2022 are as follows: (Unit: Million Baht) Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Balance at beginning of year 33,963 23,972 33,963 23,972 Issuance of debentures 12,000 12,000 12,000 12,000 Repayment of debentures (2,000) (2,000) (2,000) (2,000) Financing fee from issuing debentures (19) (17) (19) (17) Amortisation of financing fee from issuing debentures 10 8 10 8 Balance at end of year 43,954 33,963 43,954 33,963 Under the terms of the debentures, the Company had to comply with certain conditions as stipulated, such as not creating any future lien on assets of the Group, maintaining direct and indirect ownership interest of PTT Public Company Limited in the Company (except for debentures which have been issued and offered on 31 May 2023), maintaining debt-to-equity ratio, etc. As at 31 December 2023 and 2022, the Group has fully fulfilled such conditions. 19.3 Interest rates on borrowings and debentures The interest rates on borrowings and debentures of the Group as at 31 December 2023 and 2022, are as follows: (Unit: Million Baht) Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Effective interest rate (%) Debentures 1.77 - 4.86 1.77 - 4.86 1.77 - 4.86 1.77 - 4.86 Long-term borrowings from financial institutions 2.00 - 6.70 2.00 - 5.64 2.00 - 6.70 2.00 - 5.64 339 56-1 ONE REPORT 2023 Notes to the Consolidate Financial Statements
RkJQdWJsaXNoZXIy ODg4NTI=