d. Funding and Liquidity Risk The following chart summarises the Group's maturity profile of debt on an undiscounted basis by facility (US$m). The following table analyses the Group’s interest-bearing liabilities and borrowings: 2024 2023 Interest-bearing liabilities and borrowings US$m US$m Current Bank overdraft – unsecured 14 39 Bank borrowings – unsecured 571 563 Senior notes – unsecured 263 362 Lease liabilities 96 91 944 1,055 Non-current Bank borrowings – unsecured 1,393 2,252 Senior notes – unsecured 3,076 3,351 Senior 144A notes - unsecured 5,202 3,961 Lease liabilities 1,568 1,608 11,239 11,172 Interest-bearing liabilities and borrowings Interest-bearing liabilities and borrowings are recognised initially at fair value, net of transaction costs incurred. Subsequent to initial recognition, interest-bearing liabilities and borrowings are stated at amortised cost, with any difference between the proceeds (net of transaction costs) and the redemption value recognised in the statement of comprehensive income over the period of the borrowings. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. During the year ended 30 June 2024, the group received $1,238m net proceeds in connection with its new senior 144a note issuance. Proceeds from this issuance were unrestricted and used for the refinancing of existing debt and general corporate purposes. Lease liabilities The Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. In calculating the present value of lease payments, the Group uses the incremental borrowing rate of the lessee at the lease commencement date. The lease payments include fixed payments (including in-substance fixed payments, extension and purchase option reasonably certain to be exercised) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. 129 2000 1500 1000 500 FY62 FY54 FY52 FY42 FY38 FY35 FY34 FY33 FY32 FY31 FY30 FY29 FY28 FY27 FY26 FY25 0 Private Placement QDI Bank Debt 144A
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