29 | INTEREST-BEARING BORROWINGS |
As of | As of | |||||||
December 31, 2017 |
December 31, 2016 |
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Million | Million | |||||||
Bonds |
— | 4,998 | ||||||
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|
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As of December 31, 2016, the bonds represented the balance of fifteen-year guaranteed bonds issued by Guangdong Mobile, a wholly-owned subsidiary of the Company, with a principal amount of RMB5,000,000,000, at an issue price equal to the face value of the bonds. The bonds were unsecured and bear interest at the rate of 4.5% per annum which was payable annually. The bonds was repaid on October 28, 2017.