Annual Report 2019

208 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Notes to the Consolidated Financial Statements For the year ended 31 December 2019 33. BANK AND OTHER BORROWINGS 2019 2018 HK$’million HK$’million Bank loans Unsecured short-term bank loans – variable rate 3,330 1,989 – fixed rate 916 359 Unsecured long-term fixed rate bank loans 79 86 Long-term variable rate bank loans – unsecured 4,408 6,200 – secured (Note (a)) 3,358 3,646 12,091 12,280 Loan from a non-controlling equity holder of a subsidiary (Note (b)) 454 446 Loans from fellow subsidiaries (Notes (a) and (c)) 1,027 634 Loan from immediate holding company (Note (d)) 366 — Loan from an associate (Note (e)) — 276 Notes payable (Note (f)) – US$200 million, 3.5% guaranteed listed notes maturing in 2020 1,557 1,563 – US$500 million, 5% guaranteed listed notes maturing in 2022 3,875 3,890 – US$900 million, 4.375% guaranteed listed notes maturing in 2023 6,964 6,992 – US$500 million, 4.75% guaranteed listed notes maturing in 2025 3,877 3,897 – US$600 million, 5% guaranteed listed notes maturing in 2028 4,616 4,637 – Brazilian Real 428 million, Brazil’s National Consumer Price Index (“IPCA”) +7.82% listed notes maturing in 2022 796 817 – RMB500 million, 5.15% unlisted notes maturing in 2021 — 571 – RMB2,500 million, 4.89% unlisted notes maturing in 2022 2,791 2,853 24,476 25,220 Total 38,414 38,856 Less: amounts due within one year included under current liabilities (8,995) (5,234) Non-current portion 29,419 33,622