Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 91
Business
Currency
Interest rate at
30 June 2021*
2021
Rm
2020
Rm
–
3 209
–
1 226
108
173
108
4 608
2021
Rm
2020
Rm
Secured debt
Repayable in quarterly
instalments ending
August 2024**
Repayable in bi-annual
instalments ending 31
August 2030***
Secured by property, plant and Chemicals US dollar
equipment (2020 carrying value North
– R4 999 million)
America
Secured by shares, property,
Gas (CTRG) US dollar
plant and equipment (2020
carrying value – R1 821 million)
Various
*
Various
Various
Unless specified interest rate remained unchanged year-on-year.
** Relates to Sasol's portion of the Gemini HDPE LLC debt. Sasol disposed of its interest in this entity in the current year.
*** The Central Termica De Ressane Garcia S.A. (CTRG) debt was transferred to disposal groups held for sale at 30 June 2021.
Terms of repayment
Business
Currency
Various
Fuels
Corporate Centre
(Sasol Financing)
Corporate Centre
(Sasol Financing
International)
Corporate Centre
(Sasol Financing
International and
Sasol Financing
USA)
Corporate Centre
(Sasol Financing
USA)
Corporate Centre
(Sasol Financing
USA)
Corporate Centre
(Sasol Financing
USA)
Corporate Centre
(Sasol Financing
USA)
Various
Rand
Rand
Interest rate at
30 June 2021*
Unsecured debt
599
588
2 191
949
659
2 197
US dollar
Various
Fixed 8%
Variable 3 months
Jibar + 1,3%
Fixed 4,5%
14 359
17 428
US dollar
Libor + 1,60%
7 788
68 109
US dollar
Variable
Libor + 1,60%
2 143
2 601
US dollar
Variable
Libor + 2,00%
20 954
28 997
54 352
39 603
–
2 673
Total unsecured debt
102 974
163 216
Total long-term debt
103 082
167 824
Various repayment terms ending June 2026
Various repayment terms
Repayable in August 2022
Repayable November 2022¹
Repayable in November 2024²·³
Repayable June 2024⁴
Repayable June 2024⁴
Various repayment terms from March 2024 to
March 2031⁵
Repayable in November 2024⁶
US dollar
US dollar
Fixed 4,4% to 6,5%
(2020 – Fixed
5,8% to 6,5%)
2020 – Libor
2,90%
Unamortised loan costs (amortised over period of debt using the effective
interest rate method)
(439)
(627)
102 643 167 197
(5 506) (19 686)
Short-term portion of long-term debt
97 137
*
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
Security
NOTES TO THE FINANCIAL STATEMENTS
Terms of repayment
SASOL LIMITED COMPANY
In terms of Sasol Limited's memorandum of incorporation, the group's borrowing powers are limited to twice the sum of its share
capital and reserves (2021 – R305 billion; 2020 – R309 billion).
147 511
Unless specified interest rate remained unchanged year-on-year.
Included in this amount is the US$1 billion (R14 billion) bond, with a fixed interest rate of 4,5% which is listed on the New York Stock Exchange and is
recognised in Sasol Financing International Limited, a 100% owned subsidiary of the group. Sasol Limited has fully and unconditionally guaranteed
the bond. There are no restrictions on the ability of Sasol Limited to obtain funds from the finance subsidiary by dividend or loan.
2 The variable interest rate debt relates to the US$3,8 billion (R54,2 billion) revolving credit facility.
3 During the year Sasol Financing International Limited, repaid R55 billion ($3,6 billion) on the revolving credit facility.
4 The variable interest rate debt relates to the US$1,45 billion (R20,7 billion) term loan and US$150 million (R2,1 million) revolving credit facility.
5 Included in this amount is the US$2,25 billion (R32,1 billion) bonds with additional $1,5 billion (R21,4 billion) issued during the year, with fixed
interest rates of between 4,38% and 6,5% which are listed on the New York Stock Exchange and is recognised in Sasol Financing USA LLC, a 100%
owned subsidiary of the group. Sasol Limited has fully and unconditionally guaranteed the bonds. There are no restrictions on the ability of Sasol
Limited to obtain funds from the finance subsidiary by dividend or loan.
6 Repaid during the year.
89
Sasol Annual Financial Statements 2021
OTHER
1