3 unchanged sentences
We do not hold or issue financial instruments for trading purposes and do not enter into derivative transactions that would be considered speculative positions.
−Removed: As of March 31, 2026, the estimated fair value of our debt was approximately $15.61 billion, compared to its contractual value of $15.70 billion.
+Added: As of June 30, 2026, the estimated fair value of our debt was approximately $15.17 billion, compared to its contractual value of $15.25 billion.
The estimated fair value of our debt is based on recent trades, if available, and indicative pricing from market information (level 2 inputs).
1 unchanged sentence
A hypothetical 100 basis point change in HIBOR and SORA would cause our annual interest cost on our debt to change by approximately $57 million.
−Removed: Foreign currency transaction losses were $5 million for the three months ended March 31, 2026, primarily due to U.S.
+Added: Foreign currency transaction losses were $4 million for the six months ended June 30, 2026, primarily due to U.S.
dollar denominated debt issued by SCL.
2 unchanged sentences
dollar/pataca exchange rates.
−Removed: There were no material balances denominated in U.S.
−Removed: dollars related to our Singapore operations as of March 31, 2026;
−Removed: however, these balances fluctuate to support our operations.
−Removed: Based on balances as of March 31, 2026, a hypothetical 1% adverse change in the U.S.
+Added: Based on balances as of June 30, 2026, a hypothetical 10% adverse change in the U.S.
+Added: dollar/SGD exchange rate would cause a foreign currency transaction loss of approximately $21 million, and a hypothetical 1% adverse change in the U.S.
dollar/pataca exchange rate would cause a foreign currency transaction loss of approximately $4 million (net of the impact from the foreign currency swap agreements and forward contracts).
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.