Annual Report 2021

ANNUAL REPORT 2021 163 32. BANK AND OTHER BORROWINGS 2021 2020 HK$’million HK$’million Bank loans Unsecured short-term bank loans – variable rate 4,629 5,014 – fixed rate 61 772 Unsecured long-term fixed rate bank loans 851 826 Long-term variable rate bank loans – unsecured 3,767 4,864 – secured (Note (a)) 2,307 2,941 11,615 14,417 Loan from a non-controlling equity holder of a subsidiary (Note (b)) 504 520 Loans from a fellow subsidiary (Note (c)) 461 455 Loan from immediate holding company (Note (d)) 1,314 934 Notes payable (Note (e)) – US$500 million, 5% guaranteed listed notes maturing in 2022 3,896 3,865 – US$900 million, 4.375% guaranteed listed notes maturing in 2023 6,998 6,944 – US$500 million, 4.75% guaranteed listed notes maturing in 2025 3,888 3,863 – US$600 million, 5% guaranteed listed notes maturing in 2028 4,633 4,602 – Brazilian Real 300 million (2020: Brazilian Real 428 million), Brazil’s Extended National Consumer Price Index (“IPCA”) +7.82% listed notes maturing in 2021 and 2022 411 621 – RMB2,500 million, 4.89% unlisted notes maturing in 2022 3,062 2,971 22,888 22,866 Total 36,782 39,192 Less: amounts due within one year included under current liabilities (14,551) (8,952) Non-current portion 22,231 30,240