
	As of December 31,
	2020		2021
	RMB’000		RMB’000
Secured
- Bank borrowings (a)		—		2,991,890
Unsecured
- Bank borrowings (b)		10,279,835		22,816,450
- Corporate borrowings		1,162		388

		10,280,997		25,808,728
Interest payable		34,448		118,689

Total borrowings		10,315,445		25,927,417

(a)	The bank borrowings were secured by deposits amounting to approximately USD469 million (equivalent to approximately RMB2,992 million) pledged at bank whose interest rates range from 1.35% to 1.90% per annum, and the terms range from twelve months to twenty-four months (refer to Note 16(b)).

(b)

As of December 31, 2021, the Group had USD1,290 million (equivalent to approximately RMB8,225 million) unsecured borrowings related to a three-year syndicated loan facility agreement entered into on February 13, 2020, with the available loan facility of USD1,500 million. The interest rate is determined based on monthly LIBOR rate plus 1.25% and the interest is repaid on monthly basis.

(c)	The following table sets forth the range of interest rates of borrowings as of December 31, 2020 and 2021:


	As of December 31,
	2020			2021
Bank borrowings - fixed rate		4.35%-5.00	%		2.80%-4.80	%
Bank borrowings - floating rate		1.41%-2.68	%		1.35%-1.92	%
Corporate borrowings - fixed rate		0.50%-0.78	%		0.78	%