IREIT Global Group Pte. Ltd - Annual Report 2015 - page 89

11. BORROWINGS
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drawn down as at 31 December 2014 and was utilised as part payment of the acquisition of the investment
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interest rate of approximately 2.11% per annum including the amortisation of the debt upfront transaction
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in the current year. The facility has been fully drawn down as at 31 December 2015 and was utilised as part
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charge over the rent and deposit accounts of the investment properties.
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12. UNITS IN ISSUE AND TO BE ISSUED
In accordance with the Trust Deed, IREIT’s distribution policy provides the Unitholders with a right to receive
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Notes to the
Financial Statements
For the year ended 31 December 2015
Group
31 December
2015
31 December
2014
EUR’000 EUR’000
Secured loans 198,594 96,594
/HVV 8QDPRUWLVHG WUDQVDFWLRQ FRVWV (1,202) (1,235)
Total 197,392 95,359
IREIT Global ANNUAL REPORT 2015
87