XML 66 R53.htm IDEA: XBRL DOCUMENT v3.19.1
Interest-bearing Financial Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Detailed Information About Borrowings [Abstract]  
Summary of Interest-bearing Financial Liabilities

As at December 31, 2018 and 2017, this account consists of the following:

 

 

 

2018

 

 

2017

 

 

 

 

 

 

(in million pesos)

 

Long-term portion of interest-bearing financial liabilities:

 

 

 

 

 

 

 

 

Long-term debt (Notes 9 and 27)

 

 

155,835

 

 

 

157,654

 

Current portion of interest-bearing financial liabilities:

 

 

 

 

 

 

 

 

Long-term debt maturing within one year (Notes 9 and 27)

 

 

20,441

 

 

 

14,957

 
Summary of Changes to Unamortized Debt Discount

The following table describes all changes to unamortized debt discount for the years ended December 31, 2018 and 2017:

 

 

 

2018

 

 

2017

 

 

 

 

 

 

(in million pesos)

 

Unamortized debt discount at beginning of the year

 

 

525

 

 

 

631

 

Additions during the year

 

 

38

 

 

 

113

 

Accretion during the year included as part of Financing costs (Note 5)

 

 

(145

)

 

 

(219

)

Unamortized debt discount at end of the year

 

 

418

 

 

 

525

 
Summary of Long-term Debt

As at December 31, 2018 and 2017, long-term debt consists of:

 

 

 

 

 

2018

 

 

2017

 

Description

 

Interest Rates

 

U.S. Dollar

 

 

Php

 

 

U.S. Dollar

 

 

Php

 

 

 

 

 

(in millions)

 

U.S. Dollar Debts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Export Credit Agencies-Supported Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exportkreditnamnden, or EKN

 

1.4100% in 2018 and 1.4100% to

   1.9000% and US$LIBOR +

   0.3000% in 2017

 

 

2

 

 

 

103

 

 

 

11

 

 

 

547

 

Fixed Rate Notes

 

8.3500% in 2017

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Term Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GSM Network Expansion Facilities

 

US$LIBOR + 1.1125% in 2017

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Others

 

2.8850% and US$ LIBOR +

   0.7900% to 1.6000% in 2018

   and 2017

 

 

442

 

 

 

23,249

 

 

 

690

 

 

 

34,485

 

 

 

 

 

 

444

 

 

 

23,352

 

 

 

701

 

 

 

35,032

 

Philippine Peso Debts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Rate Corporate Notes

 

5.3938% to 5.9058% in 2018 and

   5.3300% to 6.2600% in 2017

 

 

 

 

 

 

15,511

 

 

 

 

 

 

 

15,675

 

Fixed Rate Retail Bonds

 

5.2250% to 5.2813% in 2018

   and 2017

 

 

 

 

 

 

14,943

 

 

 

 

 

 

 

14,922

 

Term Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured Term Loans

 

3.9000% to 6.7339%; PDST-

   R2/(1) PHP BVAL + 0.5000%

   to 1.0000% in 2018 and

   3.9000% to 6.4044%; BSP

   overnight rate and PDST-R2

   + 1.0000% in 2017

 

 

 

 

 

 

122,470

 

 

 

 

 

 

 

106,982

 

 

 

 

 

 

 

 

 

 

152,924

 

 

 

 

 

 

 

137,579

 

Total long-term debt (Notes 27 and 28)

 

 

 

 

 

 

 

 

176,276

 

 

 

 

 

 

 

172,611

 

Less portion maturing within one year

   (Note 27)

 

 

 

 

 

 

 

 

20,441

 

 

 

 

 

 

 

14,957

 

Noncurrent portion of long-term debt

   (Note 27)

 

 

 

 

 

 

 

 

155,835

 

 

 

 

 

 

 

157,654

 
Summary of Scheduled Maturities of Consolidated Outstanding Long-term Debt at Nominal Values

The scheduled maturities of our consolidated outstanding long-term debt at nominal values as at December 31, 2018 are as follows:

 

 

 

U.S. Dollar Debt

 

 

Php Debt

 

 

Total

 

Year

 

U.S. Dollar

 

 

Php

 

 

Php

 

 

Php

 

 

 

(in millions)

 

2019

 

 

110

 

 

 

5,779

 

 

 

14,776

 

 

 

20,555

 

2020

 

 

210

 

 

 

11,057

 

 

 

8,943

 

 

 

20,000

 

2021

 

 

46

 

 

 

2,386

 

 

 

20,098

 

 

 

22,484

 

2022

 

 

30

 

 

 

1,597

 

 

 

14,392

 

 

 

15,989

 

2023

 

 

25

 

 

 

1,314

 

 

 

24,098

 

 

 

25,412

 

2024 and onwards

 

 

25

 

 

 

1,314

 

 

 

70,940

 

 

 

72,254

 

(Note 27)

 

 

446

 

 

 

23,447

 

 

 

153,247

 

 

 

176,694

 
Summary of Obtained Loans Extended And/Or Guaranteed by Export Credit Agencies

In order to acquire imported components for our network infrastructure in connection with our expansion and service improvement programs, we obtained loans extended and/or guaranteed by various export credit agencies as at December 31, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of

 

 

 

Terms

 

 

 

Amount

 

 

Amount

 

 

 

 

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Loan Agreement

 

Lender(s)

 

Installments

 

Final Installment

 

Dates Drawn

 

U.S. Dollar

 

 

Paid in full on

 

 

U.S.

Dollar

 

 

 

Php

 

 

 

U.S.

Dollar

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

U.S. Dollar Debts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EKN, the Export-Credit Agency of Sweden

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DMPI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$59.2M(1)

 

December 17,

2007

 

ING Bank

N.V., or ING

Bank, Societe

Generale and

Calyon

 

18 equal

semi-annual

 

March 31, 2017

 

Various dates in

2008-2009

 

59.1

 

 

0.1

 

 

March 31, 2017

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

DMPI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$51.2M(2)

 

December 17,

2007

 

ING Bank,

Societe

Generale and

Calyon

 

18 equal

semi-annual

 

June 30, 2017

 

Various dates in

2008-2009

 

 

51.1

 

 

 

0.1

 

 

March 31, 2017

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$49M(3)

   Tranche A1:

   US$24M;

   Tranche A2:

   US$24M;

   Tranche B:

   US$1M

 

June 10,

2011

 

Nordea Bank

AB (publ), or

Nordea Bank,

subsequently

assigned to

SEK on

June 10, 2011

 

10 equal

semi-annual

 

Tranche A1

and B: December

29, 2016;

Tranche A2:

October 30, 2017

 

Various dates in

2012 and

February 21,

2013

 

 

49.0

 

 

 

—

 

 

April 28, 2017

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$45.6M(3)

   Tranche A1:

   US$25M;

   Tranche A2:

   US$19M;

   Tranche B1:

   US$0.9M;

   Tranche B2:

   US$0.7M

 

February 22,

2013

 

Nordea Bank,

subsequently

assigned to

SEK on

July 3, 2013

 

10 equal

semi-annual,

commencing

6 months

after the

applicable

mean

delivery date

 

Tranche A1

and B1:

July 16, 2018;

Tranche A2

and B2:

April 15, 2019

 

Various dates in

2013-2014

 

 

45.6

 

 

 

—

 

 

 

—

 

 

 

2

 

(*)

 

 

103

 

(*)

 

 

11

 

(*)

 

 

547

 

(*)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

103

 

 

 

 

11

 

 

 

 

547

 

 

 

(*)

Amounts are net of unamortized discount and/or debt issuance cost.

(1)

The purpose of this loan is to finance the equipment and service contracts for the Phase 7 North Luzon Expansion and Change-out Project.

(2)

The purpose of this loan is to finance the equipment and service contracts for the Phase 7 Expansion Project in Visayas and Mindanao.

(3)

The purpose of this loan is to finance the supply and services contracts for the modernization and expansion project.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

 

 

 

Terms

 

Repurchase

 

 

 

2018

 

2017

 

Loan Amount

 

Issuance

Date

 

Trustee

 

Installments

 

Maturity

 

Date

 

Amount

U.S. Dollar

 

Paid in

full on

 

U.S. Dollar

 

Php

 

U.S. Dollar

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

(in millions)

 

Fixed Rate Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$300M(1)

 

March 6, 1997

 

Deutsche

Bank Trust

Company

Americas

 

Non-

amortizing

 

March 6, 2017

 

Various dates in

2008-2014

 

71.6

 

March 6,

2017

 

–

 

–

 

–

 

 

–

 

 

(1)

This fixed rate note has a coupon rate of 8.3500%.  The purpose of this note is to finance service improvements and expansion programs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

Date of

 

 

 

Terms

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Loan

 

 

 

 

 

Final

 

 

 

Amount

 

 

Amount

 

Paid in

 

Outstanding Amounts

Loan Amount

 

Agreement

 

Lender(s)

 

Installments

 

Installment

 

Dates Drawn

 

U.S. Dollar

 

full on

 

U.S. Dollar

 

Php

 

U.S. Dollar

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

(in millions)

Term Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GSM Network Expansion Facilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$50M(1)

 

May 29, 2012

 

MUFG Bank, Ltd.,

formerly

The Bank

of Tokyo

Mitsubishi

UFJ, Ltd.

 

9 equal semi-annual, commencing on May 29, 2013

 

May 29, 2017

 

Various dates in

2012

 

 

50

 

 

–

 

May 29, 2017

 

–

 

–

 

–

 

–

 

(1)

The purpose of this loan is to finance the equipment and service contracts for the modernization and expansion project.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

U.S. Dollar

 

 

full on

 

 

U.S. Dollar

 

 

 

Php

 

 

 

U.S. Dollar

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Other Term Loans(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$150M

 

March 7, 2012

 

Syndicate of

Banks with MUFG

Bank, Ltd. as

Facility Agent

 

9 equal semi-annual installment,

commencing on the date which

falls 12 months after the date of

the loan agreement, with final

installment on March 7, 2017

 

Various dates in

2012

 

 

150

 

 

 

—

 

 

March 7,

2017

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$300M

 

January 16,

2013

 

Syndicate of

Banks with MUFG

Bank, Ltd. as

Facility Agent

 

9 equal semi-annual installment,

commencing on the date which

falls 12months after the date

of the loan agreement, with final

installment on January 16, 2018

 

Various dates in

2013

 

 

300

 

 

 

—

 

 

January 16, 2018

 

 

 

—

 

 

 

 

—

 

 

 

 

33

 

 

 

 

1,665

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$35M

 

January 28,

2013

 

China Banking

Corporation,

or CBC

 

10 equal semi-annual installment,

with final installment on January

29, 2018

 

May 7, 2013

 

 

35

 

 

 

—

 

 

January 30, 2017

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$50M

 

March 25, 2013

 

FEC

 

9 equal semi-annual installment,

commencing six months after

drawdown date, with final

installment on March 23, 2018

 

Various dates in

2013 and 2014

 

 

32

 

 

 

18

 

 

March 23,

2018

 

 

 

—

 

 

 

 

—

 

 

 

 

3

 

(*)

 

 

178

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$80M

 

May 31, 2013

 

CBC

 

10 equal semi-annual installment,

commencing six months after

drawdown date, with final

installment on May 31, 2018

 

September 25,

2013

 

 

80

 

 

 

—

 

 

May 31, 2018

 

 

 

—

 

 

 

 

—

 

 

 

 

8

 

 

 

 

400

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$120M

 

June 20, 2013

 

Mizuho Bank

Ltd. and Sumitomo

Mitsui Banking

Corporation, or

Sumitomo, with

Sumitomo as

Facility Agent

 

8 equal semi-annual installment,

commencing six months after

drawdown date, with final

installment on June 20, 2018

 

September 25,

2013

 

 

120

 

 

 

—

 

 

June 20, 2018

 

 

 

—

 

 

 

 

—

 

 

 

 

15

 

(*)

 

 

747

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$100M

 

March 7, 2014

 

MUFG Bank, Ltd.

 

9 equal semi-annual installment,

commencing 12 months after

drawdown date, with final

installment on March 7, 2019

 

Various dates in 2014

 

March 2, 2015

 

90

 

 

10

 

 

 

—

 

 

 

—

 

 

 

11

 

(*)

 

 

583

 

(*)

 

 

33

 

(*)

 

 

1,658

 

(*)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 

 

 

 

583

 

 

 

 

92

 

 

 

 

4,648

 

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

(1)

The purpose of this loan is to finance capital expenditures and/or to refinance existing loan obligations which were utilized for network expansion and improvement programs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

Date of

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Loan

 

 

 

 

 

Dates

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Drawn

 

U.S. Dollar

 

 

full on

 

 

U.S. Dollar

 

 

 

Php

 

 

 

U.S. Dollar

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$50M

 

May 14, 2014

 

Mizuho Bank

Ltd.

 

9 equal semi-annual

installment,

commencing 11

months after

drawdown date, with

final installment on

May 14, 2019

 

July 1, 2014

 

 

50

 

 

 

—

 

 

 

—

 

 

 

6

 

(*)

 

 

291

 

(*)

 

 

17

 

(*)

 

 

828

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$100M

 

August 5, 2014

 

Philippine

National Bank,

or PNB

 

Annual amortization

rate of 1% of the issue

price on the first year

up to the fifth year

from the initial

drawdown date, with

final installment on

August 11, 2020

 

Various dates

in 2014

 

 

100

 

 

 

—

 

 

 

—

 

 

 

96

 

 

 

 

5,046

 

 

 

 

97

 

 

 

 

4,846

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$50M

 

August 29, 2014

 

Metrobank

 

Semi-annual

amortization rate of

1% of the issue price

on the first year up to

the fifth year from the

initial drawdown date

and the balance

payable upon maturity

on September 2, 2020

 

September 2,

2014

 

 

50

 

 

 

—

 

 

 

—

 

 

 

48

 

 

 

 

2,536

 

 

 

 

49

 

 

 

 

2,435

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$200M

Tranche A:

US$150M;

Tranche B:

US$50M

 

February 26,

2015

 

MUFG Bank, Ltd.

 

Commencing 36

months after loan date,

with semi-annual

amortization of

23.75% of the loan

amount on the first and

second repayment

dates and seven semi-

annual amortizations of

7.5% starting on the

third repayment date,

with final installment

on February 25, 2022

 

Various dates

in 2015

 

 

200

 

 

 

—

 

 

 

—

 

 

 

104

 

(*)

 

 

5,492

 

(*)

 

 

199

 

(*)

 

 

9,945

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$200M

 

March 4, 2015

 

Mizuho Bank

Ltd.

 

9 equal semi-annual

installments

commencing on the

date which falls 12

months after the loan

date, with final

installment on

March 4, 2020

 

Various dates

in 2015

 

 

200

 

 

 

—

 

 

 

—

 

 

 

66

 

(*)

 

 

3,490

 

(*)

 

 

110

 

(*)

 

 

5,511

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$100M

 

December 7,

2015

 

Mizuho Bank

Ltd.

 

13 equal semi-annual

installments

commencing on the

date which falls 12

months after the loan

date, with final

installment on

December 7, 2022

 

Various dates

in 2016

 

100

 

 

 

 

—

 

 

 

—

 

 

 

61

 

(*)

 

 

3,198

 

(*)

 

 

76

 

(*)

 

 

3,791

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$25M

 

March 22, 2016

 

NTT Finance

Corporation

 

Non-amortizing,

payable upon maturity

on March 30, 2023

 

March 30, 2016

 

 

25

 

 

 

—

 

 

 

—

 

 

 

25

 

(*)

 

 

1,307

 

(*)

 

 

25

 

(*)

 

 

1,241

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US$25M

 

January 31, 2017

 

NTT Finance

Corporation

 

Non-amortizing,

payable upon maturity

on March 27, 2024

 

March 30, 2017

 

 

25

 

 

 

—

 

 

 

—

 

 

 

25

 

(*)

 

 

1,306

 

(*)

 

 

25

 

(*)

 

 

1,240

 

(*)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

431

 

 

 

 

22,666

 

 

 

 

598

 

 

 

 

29,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

442

 

 

 

 

23,249

 

 

 

 

690

 

 

 

 

34,485

 

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

 

 

 

 

 

 

 

 

 

 

 

Prepayments

 

 

Outstanding Amounts

 

 

 

Date of Loan

 

 

 

 

 

Date of Issuance/

 

Amount

 

 

 

 

 

 

2018

 

 

2017

 

Loan Amount

 

Agreement

 

Facility Agent

 

Installments

 

Drawdown

 

Php

 

 

Date

 

 

U.S. Dollar

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

Philippine Peso Debts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Rate Corporate Notes(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,500M

Series A:

Php1,910M;

 

March 15, 2012

 

Metrobank

 

Series A: 1% annual

amortization starting March 19,

2013, with the balance of 96%

payable on March 20, 2017;

 

Drawn and issued on

March 19, 2012

 

1,376

2,803

 

 

July 19, 2013

June 19, 2017

 

 

 

—

 

 

 

—

 

Series B:

Php3,590M

 

 

 

 

 

Series B: 1% annual amortization

starting March 19, 2013 with the

balance of 91% payable on

March 19, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

July 25, 2012

 

Metrobank

 

Annual amortization rate

of 1% of the issue price

on the first year up to the

sixth year from issue

date and the balance

payable upon maturity

on July 27, 2019

 

July 27, 2012

 

 

1,188

 

 

July 29, 2013

 

 

 

282

 

 

 

285

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php8,800M

Series A:

Php4,610M;

 

September 19,

2012

 

Metrobank

 

Series A: 1% annual

amortization on the first

up to sixth year, with the

balance payable on

September 21, 2019;

 

September 21, 2012

 

 

2,055

 

 

June 21, 2013

 

 

 

6,340

 

 

 

6,408

 

Series B:

Php4,190M

 

 

 

 

 

Series B: 1% annual

amortization on the first

up to ninth year, with the

balance payable on

September 21, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php6,200M

Series A:

7-year notes Php3,775M;

 

November 20,

2012

 

BDO Unibank, Inc.,

or BDO

 

Series A: Annual

amortization rate of 1%

of the issue price on the

first year up to the sixth

year from issue date and

the balance payable upon

maturity on November

22, 2019;

 

November 22, 2012

 

 

3,549

 

 

February 22, 2019

 

 

 

5,828

 

 

 

5,890

 

Series B:

10-year notes Php2,425M

 

 

 

 

 

Series B: Annual amortization

rate of 1% of the issue price

on the first year up to the

ninth year from issue date

and the balance payable

upon maturity on November

22, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,376M

Series A:

Php742M;

 

June 14, 2013

 

Metrobank

 

Series A: Annual

amortization equivalent

to 1% of the principal

amount starting June 19,

2014 with the balance of

97% payable on March

20, 2017;

 

June 19, 2013

 

 

608

 

 

June 19, 2017

 

 

 

—

 

 

 

—

 

Series B:

Php634M

 

 

 

 

 

Series B: Annual

amortization equivalent

to 1% of the principal

amount starting June 19,

2014 with the balance of

92% payable on March

21, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,055M

Series A:

Php1,735M;

 

June 14, 2013

 

Metrobank

 

Series A: Annual

amortization rate of 1%

of the issue price up to

the fifth year and the

balance payable upon

maturity on September

21, 2019;

 

June 21, 2013

 

 

—

 

 

 

—

 

 

 

1,932

 

 

 

1,952

 

Series B: Php320M

 

 

 

 

 

Series B: Annual

amortization rate of 1%

of the issue price up to

the eighth year and the

balance payable upon

maturity on September

21, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,188M

 

July 19, 2013

 

Metrobank

 

Annual amortization rate

of 1% of the issue on the

first year up to the fifth

year from the issue date

and the balance payable

upon maturity on July

27, 2019

 

July 29, 2013

 

 

—

 

 

 

—

 

 

 

1,129

 

 

 

1,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,511

 

 

 

15,675

 

 

(1)

The purpose of this loan is to finance capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs.

 

 

 

 

 

 

 

 

 

 

 

Prepayments

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

Date of Issuance/

 

Amount

 

 

 

 

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Paying Agent

 

Terms

 

Drawdown

 

Php

 

 

Date

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Fixed Rate Retail Bonds(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php15,000M

 

January 22, 2014

 

Philippine Depositary

Trust Corp.

 

Php12.4B – non-

amortizing, payable in

full upon maturity on

February 6, 2021;

Php2.6B – non-

amortizing payable in

full on February 6, 2024

 

February 6, 2014

 

 

—

 

 

 

—

 

 

 

14,943

 

(*)

 

 

14,922

 

(*)

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

(1)

This fixed rate retail corporate bond is comprised of Php12.4 billion and Php2.6 billion due in 2021 and 2024 with a coupon rate of 5.2250% and 5.2813%, respectively.  The purpose of this loan is to finance capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

Php

 

 

Php

 

 

full on

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Term Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured Term Loans(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

March 20,

2012

 

RCBC

 

Annual amortization rate of 1% on the fifth year up to the ninth year from the initial drawdown date and the balance payable upon maturity on April 12, 2022

 

April 12, 2012

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,960

 

 

 

 

1,980

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

April 27,

2012

 

Land Bank of the

Philippines,

or LBP

 

Annual amortization rate of 1% on the first year up to the fourth year from drawdown date and the balance payable upon maturity on July 18, 2017

 

July 18, 2012

 

 

3,000

 

 

 

—

 

 

January 18, 2017

 

 

 

—

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

May 29,

2012

 

LBP

 

Annual amortization rate of 1% on the first year up to the fourth year from drawdown date and the balance payable upon maturity on June 27, 2017

 

June 27, 2012

 

 

2,000

 

 

 

—

 

 

June 27, 2017

 

 

 

—

 

 

 

 

—

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

June 7, 2012

 

LBP

 

Annual amortization rate of 1% of the principal amount commencing on the first year of the initial drawdown up to the fourth year and the balance payable upon maturity on August 22, 2017

 

August 22, 2012

 

 

1,000

 

 

 

—

 

 

February 22, 2017

 

 

 

—

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php200M

 

August 31,

2012

 

Manufacturers Life

Insurance Co.

(Phils.), Inc.

 

Payable in full upon maturity on October 9, 2019

 

October 9, 2012

 

 

200

 

 

 

—

 

 

 

—

 

 

 

200

 

 

 

 

200

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

September 3,

2012

 

Union Bank of the

Philippines,

or Union Bank

 

Annual amortization rate of 1% on the first year up to the sixth year from the initial drawdown date and the balance payable upon maturity

on January 13, 2020

 

January 11, 2013

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

950

 

 

 

 

960

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

October 11, 2012

 

Philippine American

Life and General

Insurance Company,

or Philam Life

 

Payable in full upon maturity on December 5, 2022

 

December 3, 2012

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

1,000

 

 

 

 

1,000

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

December 17,

2012

 

LBP

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on December 20, 2019

 

Various dates in

2012-2013

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,820

 

 

 

 

2,850

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

November 13,

2013

 

Bank of the

Philippine Islands,

or BPI

 

Annual amortization rate of 1% on the first year up to the sixth year from the initial drawdown and the balance payable upon maturity on

November 22, 2020

 

Various dates in

2013-2014

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,900

 

 

 

 

1,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,830

 

 

 

 

8,910

 

 

 

(1)

The purpose of this loan is to finance the capital expenditures and/or refinance existing loan obligations, which were utilized for service improvements and expansion programs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

Php

 

 

Php

 

 

full on

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

November 25, 2013

 

Metrobank

 

Annual amortization rate of 10% of the total amount drawn for six years and the final installment is payable upon maturity on November 27, 2020

 

November 29,

2013

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

1,497

 

(*)

 

 

1,795

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

December 3,

2013

 

BPI

 

Annual amortization rate of 1% of the total amount drawn for the first six years and the final installment is payable upon maturity on December 10, 2020

 

December 10, 2013

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,846

 

(*)

 

 

2,874

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

January 29,

2014

 

LBP

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on February 5, 2021

 

February 5, 2014

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,875

 

(*)

 

 

2,903

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php500M

 

February 3,

2014

 

LBP

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on February 5, 2021

 

February 7, 2014

 

 

500

 

 

 

—

 

 

 

—

 

 

 

480

 

 

 

 

485

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

March 26,

2014

 

Union Bank

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on March 29, 2021

 

March 28, 2014

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,920

 

 

 

 

1,940

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

April 2, 2014

 

Philam Life

 

Payable in full upon maturity on April 4, 2024

 

April 4, 2014

 

 

1,500

 

 

 

—

 

 

 

—

 

 

 

1,500

 

 

 

 

1,500

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php500M

 

April 2, 2014

 

BDO

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on April 2, 2021

 

April 4, 2014

 

 

500

 

 

 

—

 

 

 

—

 

 

 

480

 

 

 

 

485

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

May 23,

2014

 

Philam Life

 

Payable in full upon maturity on May 28, 2024

 

May 28, 2014

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

1,000

 

 

 

 

1,000

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

June 9,

2014

 

LBP

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on June 13, 2024

 

June 13, 2014

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

960

 

 

 

 

970

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

July 28,

2014

 

Union Bank

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on July 31, 2024

 

July 31, 2014

 

 

1,500

 

 

 

—

 

 

 

—

 

 

 

1,440

 

 

 

 

1,455

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

February 25,

2015

 

BPI

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on March 24, 2025

 

March 24, 2015

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,940

 

 

 

 

1,960

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

June 26,

2015

 

BPI

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on June 30, 2025

 

June 30, 2015

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,910

 

 

 

 

2,940

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,000M

 

August 3, 2015

 

Metrobank

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on September 23, 2025

 

Various dates in

2015

 

 

5,000

 

 

 

—

 

 

 

—

 

 

 

4,850

 

 

 

 

4,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24,698

 

 

 

 

25,207

 

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

Php

 

 

Php

 

 

full on

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,000M

 

August 11, 2015

 

Metrobank

 

Annual amortization rate of 1% of the principal amount on the first year up to the ninth year commencing on the first year anniversary of the initial drawdown date and the balance payable upon maturity on September 1, 2025

 

September 1, 2015

 

 

5,000

 

 

 

—

 

 

 

—

 

 

 

4,833

 

(*)

 

 

4,880

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,000M

 

December 11, 2015

 

BPI

 

Annual amortization rate of 1% of the principal amount on the first year up to the ninth year commencing on the first year anniversary of the initial drawdown date and the balance payable upon maturity on December 21, 2025

 

December 21, 2015

 

 

5,000

 

 

 

—

 

 

 

—

 

 

 

4,832

 

(*)

 

 

4,880

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,000M

 

December 16, 2015

 

Metrobank

 

Annual amortization rate of 1% of the principal amount up to the tenth year commencing on the first year anniversary of the initial drawdown and the balance payable upon maturity on June 29, 2026

 

December 28, 2015

 

 

5,000

 

 

 

—

 

 

 

—

 

 

 

4,831

 

(*)

 

 

4,879

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php7,000M

 

December 18, 2015

 

CBC

 

Annual amortization rate of 1% of the principal amount on the third year up to the sixth year from the initial drawdown date, with balance payable upon maturity on December 28, 2022

 

December 28,

2015 and

February 24,

2016

 

 

7,000

 

 

 

—

 

 

 

—

 

 

 

6,289

 

(*)

 

 

6,983

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

July 1, 2016

 

Metrobank

 

Annual amortization rate of 1% on the first year up to the ninth year from initial drawdown date and the balance payable upon maturity on February 22, 2027

 

February 20,

2017

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,957

 

(*)

 

 

2,986

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php6,000M

 

July 1, 2016

 

Metrobank

 

Annual amortization rate of 1% on the first year up to the sixth year from initial drawdown date and the balance payable upon maturity on August 30, 2023

 

August 30,

2016 and

November 10,

2016

 

 

6,000

 

 

 

—

 

 

 

—

 

 

 

5,859

 

(*)

 

 

5,915

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php8,000M

 

July 14, 2016

 

Security Bank

 

Semi-annual amortization rate of 1% of the total amount drawn starting from the end of the first year after the initial drawdown date until the ninth year and the balance payable on maturity on March 1, 2027

 

February 27,

2017

 

 

8,000

 

 

 

—

 

 

 

—

 

 

 

7,807

 

(*)

 

 

7,963

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php6,500M

 

September 20, 2016

 

BPI

 

Annual amortization rate of 1% on the first year up to the sixth year from initial drawdown date and the balance payable upon maturity on November 2, 2023

 

November 2,

2016 and

December 19,

2016

 

 

6,500

 

 

 

—

 

 

 

—

 

 

 

6,346

 

(*)

 

 

6,407

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

September 28, 2016

 

BDO

 

Annual amortization rate of 1% of the principal amount on the first year up to the ninth year commencing on the first year anniversary of the initial drawdown date and the balance payable upon maturity on October 5, 2026

 

October 5, 2016

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,940

 

 

 

 

2,970

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,400M

 

September 28, 2016

 

Union Bank

 

Annual amortization rate of 1% of the principal amount on the first year up to the sixth year commencing on the first year anniversary of the initial drawdown date and the balance payable upon maturity on October 24, 2023

 

October 24,

2016 and

November 21,

2016

 

 

5,400

 

 

 

—

 

 

 

—

 

 

 

5,281

 

(*)

 

 

5,333

 

(*)

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,300M

 

October 14, 2016

 

BPI

 

Annual amortization rate of 1% on the first year up to the sixth year from initial drawdown date and the balance payable upon maturity on December 19, 2023

 

December 19, 2016

 

 

5,300

 

 

 

—

 

 

 

—

 

 

 

5,175

 

(*)

 

 

5,224

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,500M

 

October 27, 2016

 

CBC

 

Annual amortization rate of 10% of the amount drawn starting on the third year up to the sixth year, with balance payable upon maturity on December 8, 2023

 

December 8, 2016

 

 

2,500

 

 

 

—

 

 

 

—

 

 

 

2,500

 

 

 

 

2,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

59,650

 

 

 

 

60,920

 

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

 

Date of Loan

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

Php

 

 

Php

 

 

full on

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php4,000M(1)

 

October 28,

2016

 

Security Bank

 

Semi-annual amortization rate of 1% of the total amount drawn from first year up to the ninth year and the balance payable upon maturity on April 5, 2027

 

April 5, 2017

 

 

4,000

 

 

 

—

 

 

 

—

 

 

 

1,953

 

(*)

 

 

1,971

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

December 16,

2016

 

PNB

 

Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the ninth anniversary of the advance and the balance payable upon maturity on December 7, 2027

 

December 7, 2017

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

990

 

 

 

 

1,000

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

December 22,

2016

 

LBP

 

Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the ninth anniversary of the advance and the balance payable upon maturity on January 21, 2028

 

January 22, 2018

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

2,000

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,500M

 

December 23,

2016

 

LBP

 

Annual amortization rate of 1% on the first year up to the ninth year after the drawdown date and the balance payable upon maturity on April 5, 2027

 

April 5, 2017

 

 

3,500

 

 

 

—

 

 

 

—

 

 

 

3,450

 

(*)

 

 

3,484

 

(*)

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

April 18,

2017

 

PNB

 

Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the sixth year anniversary of the advance and the balance payable upon maturity on January 3, 2025

 

January 3, 2018

 

 

1,500

 

 

 

—

 

 

 

—

 

 

 

1,500

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

May 24, 2017

 

Security Bank

 

Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with the balance payable upon maturity on April 5, 2027

 

May 29, 2017

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,970

 

 

 

 

1,990

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,500 M

 

July 5, 2017

 

LBP

 

Annual amortization rate of 1% on the first year up to the ninth year after the drawdown date and the balance payable upon maturity on July 12, 2027

 

July 10, 2017

 

 

3,500

 

 

 

—

 

 

 

—

 

 

 

3,465

 

 

 

 

3,500

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

August 29, 2017

 

LBP

 

Annual amortization rate equivalent to 1% of the total loan payable on the first year up to the ninth year after the drawdown date and the balance payable upon maturity on

April 3, 2028

 

April 2, 2018

 

 

1,500

 

 

 

—

 

 

 

—

 

 

 

1,500

 

 

 

 

—

 

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

September 28, 2017

 

Union Bank

 

Annual amortization rate of 1% of the amount drawn starting on the first year anniversary of the advance up to the ninth year anniversary of the advance and the balance payable upon maturity on February 21, 2028

 

February 19, 2018

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

1,000

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

April 19, 2018

 

LBP

 

Annual amortization rate equivalent to 1% of the total loan payable on the first year up to the ninth year after the drawdown date and the balance payable upon maturity on

April 25, 2028

 

April 25, 2018

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

2,000

 

 

 

 

—

 

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,000M

 

April 20, 2018

 

LBP

 

Annual amortization rate equivalent to 1% of the total loan payable on the first year up to the ninth year after the drawdown date and the balance payable upon maturity on

May 3, 2028

 

May 3, 2018

 

 

1,000

 

 

 

—

 

 

 

—

 

 

 

1,000

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,828

 

 

 

 

11,945

 

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.

(1)

The amount of Php2,000 million was prepaid on May 29, 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drawn

 

 

Undrawn

 

 

 

 

 

 

Outstanding Amounts

 

 

 

Date of Loan

 

 

 

 

 

 

 

 

 

Amount

 

 

Amount

 

 

Paid in

 

 

2018

 

 

 

2017

 

Loan Amount

 

Agreement

 

Lender(s)

 

Terms

 

Dates Drawn

 

 

Php

 

 

Php

 

 

full on

 

 

Php

 

 

 

Php

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

(in millions)

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

May 9, 2018

 

BPI

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary of the advance up to the ninth year anniversary of the advance and the balance payable upon maturity on May 10, 2028

 

May 10, 2018

 

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

2,000

 

 

 

 

—

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

May 9, 2018

 

BPI

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary of the advance up to the ninth year anniversary of the advance and the balance payable upon maturity on May 10, 2028

 

May 10, 2018

 

 

 

3,000

 

 

 

—

 

 

August 10,

2018

 

 

 

—

 

 

 

 

—

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php2,000M

 

May 25, 2018

 

BPI

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary of the advance up to the fifth year anniversary of the advance and the balance payable upon maturity on May 28, 2024

 

May 28, 2018

 

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

1,986

 

(*)

 

 

—

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php1,500M

 

June 27, 2018

 

Development

Bank of the

Philippines,

or DBP

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the third year anniversary of the advance up to the fifth year anniversary of the advance and the balance payable upon maturity on June 28, 2024

 

June 28, 2018

 

 

 

1,500

 

 

 

—

 

 

 

—

 

 

 

1,500

 

 

 

 

—

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php3,000M

 

July 31, 2018

 

BPI

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary of the advance up to the ninth year anniversary of the advance and the balance payable upon maturity on May 10, 2028

 

August 10, 2018

 

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

2,978

 

(*)

 

 

—

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php5,000M

 

January 11, 2019

 

DBP

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the third year anniversary of the advance up to the ninth year anniversary of the advance and the balance payable upon maturity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

—

 

PLDT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php8,000M

 

February 18, 2019

 

UBP

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary up to the ninth year anniversary of the initial drawdown date and the balance payable upon maturity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

—

 

Smart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Php4,000M

 

February 21, 2019

 

PNB

 

Annual amortization rate equivalent to 1% of the amount drawn starting on the first year anniversary up to the seventh year anniversary of the initial drawdown date and the balance payable upon maturity

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,464

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

122,470

 

 

 

 

106,982

 

 

(*)

Amounts are net of unamortized debt discount and/or debt issuance cost.