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24 Loans and borrowings
Contractual terms of the Group’s loans and borrowings are summarised below.
(CNY million)
2020
2019
Short-term loans and borrowings:
– Unsecured
177
733
Long-term loans and borrowings:
– Intra-group guaranteed
691
903
– Trade receivables financing (note 21(c))
63
25
– Unsecured
96,691
73,247
– Corporate bonds
44,189
37,254
141,634
111,429
141,811
112,162
Non-current portion
141,270
104,531
Current portion
541
7,631
141,811
112,162

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120
       
Huawei Investment & Holding Co., Ltd.
Intra-group guaranteed loans are external borrowings which have been raised by one group entity but contractual 
payments of principal and interest are guaranteed by another group entity.
Terms and repayment schedule
A summary of the main terms and conditions of outstanding loans and borrowings are as follows: