year of 47.77 percent and a decrease in loan interest payment of 42.09 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with

decrease in long-term loan and financial lease liabilities due within one year of 71.22 percent and a decrease in annualized interest on loan payment of 41.34 percent. (5) Debt Obligation The Corporate Group

3.77 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at March 31, 2020, the

emerge as the market develops and these will be incorporated in annual GBP updates): • Standard Green Use of Proceeds Bond: a standard recourse-to-the-issuer debt obligation aligned with the GBP. • Green

these will be incorporated in SBP updates): • Standard Social Use of Proceeds Bond: a standard recourse-to-the-issuer debt obligation aligned with the SBP. • Social Revenue Bond: a non-recourse-to-the

market develops and these will be incorporated in annual SBP updates): • Standard Social Use of Proceeds Bond: a standard recourse-to-the-issuer debt obligation aligned with the SBP. • Social Revenue Bond

increased by 17.63 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at June 30, 2019

year increased by 17.53 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest rate. Accordingly, as at

increase in annualized interest on loan payment of 4.44 percent. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking long-term loan with fixed interest

these will be incorporated in GBP updates): • Standard Green Use of Proceeds Bond: a standard recourse-to-the-issuer debt obligation aligned with the GBP. • Green Revenue Bond: a non-recourse-to-the