Notes to the Financial Statements Note 11: Financial Risk Management continued 12 T he $3,959.2m in 144A senior unsecured notes, which are net of transaction costs of $40.8m, were issued on 27 April 2022 with the proceeds to be used to partially fund the acquisition of Vifor (Note 2) and for general corporate purposes. These notes were classified as current at 30 June 2022 due to the existence of a mandatory redemption feature at balance sheet date in the event the acquisition did not complete. Subsequent to 30 June 2022, the mandatory redemption feature was removed following the acquisition of Vifor (Note 2) and the notes that have contractual maturities beyond 12 months will be subsequently reclassified as non-current. d. Funding and Liquidity Risk The following chart summarises the Group’s maturity profile of debt on an undiscounted basis by facility (US$m). The chart includes the maturity profile of the $4,000.0m in 144A senior unsecured notes excluding its mandatory redemption feature that existed at 30 June 2022 (Note 11(d)). The mandatory redemption feature required repayment of the 144A senior unsecured notes if the acquisition of Vifor had not completed by 31 December 2022. This mandatory redemption feature was removed subsequent to 30 June 2022 following the acquisition of Vifor (Note 2). ● Private Placement ● QDI ● Bank Debt ● 144A ● KfW Loans ● Other Borrowings 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 FY62 FY52 FY42 FY38 FY35 FY33 FY32 FY31 FY30 FY29 FY28 FY27 FY26 FY25 FY24 FY23 Non-consecutive years The following table analyses the Group’s financial liabilities: Interest-bearing liabilities and borrowings 2022 US$m 2021 US$m Current Bank overdraft – unsecured 102.0 78.7 Bank borrowings – unsecured 202.7 66.2 Senior notes – unsecured 150.0 250.0 Senior 144A notes – unsecured12 3,959.2 – Lease liabilities 73.5 77.8 Other borrowings – secured 6.6 1.1 4,494.0 473.8 Non-current Bank borrowings – unsecured 179.2 220.0 Senior notes – unsecured 3,675.3 3,993.9 Lease liabilities 1,301.3 1,104.6 Other borrowings – secured 8.0 14.6 5,163.8 5,333.1 CSL Limited Annual Report 2021/22 122
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