Statistical Release Sample Clauses

Statistical Release. 11 Subsidiary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Statistical Release. 2 Trustee ................................................3

Statistical Release. The Amendment shall become fully effective as of January 1,

Statistical Release. 14 Step-Down Date............................. 14

Statistical Release. Generally Accepted Accounting Principles" shall mean those generally accepted accounting principles and practices which are recognized as such by the American Institute of Certified Public Accountants acting through its Accounting Principles Board or by the Financial Accounting Standards Board or through other appropriate boards or committees thereof and which are consistently applied for all periods after the date hereof so as to properly reflect the financial condition, and the results of operations and changes in financial position, of Borrower, except that any accounting principle or practice required to be changed by the said Accounting Principles Board or Financial Accounting Standards Board (or other appropriate board or committee of the said Boards) in order to continue as a generally accepted accounting principle or practice may so be changed. In the event of a change in Generally Accepted Accounting Principles, Lender and Borrower will thereafter negotiate in good faith to revise any covenants of this Agreement affected thereby in order to make such covenants consistent with Generally Accepted Accounting Principles then in effect.

Statistical Release. Note: (1) Determined by averaging the rates on the last business day of each month during the relevant year, except for monthly average rates, which are determined by averaging the daily rates during the respective months. The H.K. dollar is freely convertible into the U.S. dollar. Since 1983, the H.K. dollar has been linked to the U.S. dollar. Under existing Hong Kong law, there are no foreign exchange controls or other laws, decrees or regulations that affect the remittance of payments to U.S. residents. The Basic Law of the Hong Kong Special Administrative Region of the PRC, which came into effect on 1 July 1997, provides that no foreign exchange control policies may be applied in Hong Kong. Although the market exchange rate of the H.K. dollar against the U.S. dollar was and continues to be determined by forces of supply and demand in the foreign exchange markets, between 1983 and May 2005 Hong Kong maintained a fixed rate system which sets the rate of exchange at HK$7.80 per U.S. dollar (the “Linked Exchange Rate System”). However, in May 2005, the Hong Kong Monetary Authority broadened the 22-year trading band from the original rate of HK$7.80 per U.S. dollar to a new range varying between HK$7.75 and HK$7.85 per U.S. dollar. The Hong Kong government has indicated its intention to maintain the Linked Exchange Rate System. The Hong Kong government has also stated that it has no intention of imposing exchange controls and that the H.K. dollar will remain freely convertible into other currencies, including the U.S. dollar. However, no assurance can be given that the Hong Kong government will maintain the trading band at HK$7.75 to HK$7.85 per U.S. dollar or at all. As a result of the Linked Exchange Rate System, exchange rates between the H.K. dollar and other currencies are influenced by the value of the U.S. dollar. The following table sets forth the exchange rates set forth in the H.10 statistical release of the Federal Reserve Board for the periods indicated. On 30 June 2020, the exchange rate was HK$7.7501 to US$1.00.

Statistical Release. Note: (1) Determined by averaging the rates on the last business day of each month during the relevant year, except for monthly average rates, which are determined by averaging the daily rates during the respective months. The following table sets forth on an actual basis the Issuer’s consolidated borrowings and capitalisation as of 30 June 2020 and as adjusted to give effect to the issuance of the Bonds in this offering before deducting the Joint Lead Managers’ discounts and commissions and without taking into account any private banking rebates or other estimated expenses payable in connection with this offering. The following table should be read in conjunction with the Issuer Group’s Unaudited Interim Financial Statements, including the notes related thereto, included elsewhere in this Offering Circular. (in thousands) Borrowings Bonds payable . . . . . . . . . . . . . . . . . . . . . 1,545,378 199,401 1,545,378 199,401 Bonds to be issued . . . . . . . . . . . . . . . . . . – – 1,379,518 178,000 Equity Share capital . . . . . . . . . . . . . . . . . . . . . . 366,182 47,249 366,182 47,249 Reserves . . . . . . . . . . . . . . . . . . . . . . . . . (651,363) (84,046) (651,363) (84,046) Other equity instrument . . . . . . . . . . . . . . 580,000 74,838 580,000 74,838 (1) Total capitalisation equals total borrowings plus total equity. There has been no material change in the Issuer’s capitalisation since 30 June 2020. The following table sets forth on an actual basis the Group’s consolidated borrowings and capitalisation as of 30 June 2020 and as adjusted to give effect to the issuance of the Bonds in this offering before deducting the Lead Managers’ discounts and commissions and without taking into account any private banking rebates and other estimated expenses payable in connection with this offering. The following table should be read in conjunction with the Group’s Unaudited Interim Financial Statements, including the notes related thereto, included elsewhere in this Offering Circular. (in thousands) BorrowingsShort-term debt instruments 3,883,705 549,703 3,883,705 549,703 ▇▇▇▇▇ payable 14,279,560 2,021,141 14,279,560 2,021,141 Bonds to be issued . . . . . . . . . . . . . . . . . . – – 1,257,588 178,000 Total capitalisation(1) 37,672,936 5,332,258 38,930,524 5,510,258

Statistical Release. 22 Step-Down Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22