Summary of Interest-bearing Financial Liabilities

As at December 31, 2019 and 2018, this account consists of the following:

	2019		2018
	(in million pesos)
Long-term portion of interest-bearing financial liabilities:
Long-term debt (Notes 28 and 29)		172,834		155,835

Current portion of interest-bearing financial liabilities:
Long-term debt maturing within one year (Notes 28 and 29)		19,722		20,441
		192,556		176,276

As at December 31, 2019 and 2018, long-term debt consists of:

		2019				2018
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 2019 and 2018		—		—		2		103
Term Loans:
Others	2.8850% and US$ LIBOR + 0.7900% to 1.4500% in 2019 and 2.8850% and US$ LIBOR + 0.7900% to 1.6000% in 2018		335		17,029		442		23,249
			335		17,029		444		23,352
Philippine Peso Debts:
Fixed Rate Corporate Notes	5.3938% to 5.9058% in 2019 and 2018				6,152				15,511
Fixed Rate Retail Bonds	5.2250% to 5.2813% in 2019 and 2018				14,965				14,943
Term Loans:
Unsecured Term Loans	3.9000% to 6.7339%; PHP BVAL + 0.6000% to 1.0000% and PDST-R2 + 0.5000% to 0.6000% in 2019 and 3.9000% to 6.7339%; PDST-R2/⁽¹⁾ PHP BVAL + 0.5000% to 1.0000% in 2018				154,410				122,470
					175,527				152,924
Total long-term debt (Notes 28 and 29)					192,556				176,276
Less portion maturing within one year (Note 28)					19,722				20,441
Noncurrent portion of long-term debt (Note 28)					172,834				155,835

⁽¹⁾

Effective October 29, 2018, PHP BVAL Reference Rates replaced PDST Reference Rates (PDST-R1 and PDST-R2).

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, 2019 and 2018:

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of

Terms

Amount

2019

2018

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)

U.S. Dollar Debts

EKN, the Export-Credit Agency of Sweden

Smart

US$45.6M⁽¹⁾

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

—

July 16, 2018 and

April 15, 2019

—

2

^(*)

103

^(*)

—

2

103

^(*)	Amounts are net of unamortized discount and/or debt issuance cost.

⁽¹⁾	The purpose of this loan is to finance the supply and services contracts for the modernization and expansion project.

					Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of				Amount		Amount				2019				2018
Loan Amount	Loan Agreement	Lender(s)	Terms	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
Other Term Loans⁽¹⁾
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 12 months after the date of the loan agreement, with final installment on January 16, 2018	Various dates in 2013		300		—	January 16, 2018			—		—		—			—
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			—		—		—			—
Smart
US$80M	May 31, 2013	China Banking Corporation, or 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			—		—		—			—
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			—		—		—			—
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			—	March 7, 2019			—		—		11	^(*)		583	^(*)
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		—	May 14, 2019			—		—		6	^(*)		291	^(*)
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		—		—		95		4,826		96			5,046
PLDT
US$50M	August 29, 2014	Metrobank	Annual amortization rate of 1% of the issue price payable semi- annually starting 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		2,426		48			2,536
												143		7,252		161			8,456

⁽¹⁾	Thepurpose of this loan is to finance capital expenditures and/or to refinance existing loan obligations which were utilized for network expansion and improvement programs.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of

Amount

2019

2018

Loan

Amount

Loan

Agreement

Lender(s)

Terms

Dates

Drawn

U.S. Dollar

Paid in

full on

U.S.

Dollar

Php

U.S.

Dollar

Php

(in millions)

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

—

74

^(*)

3,797

^(*)

104

^(*)

5,492

^(*)

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

—

March 4, 2020

22

^(*)

1,128

^(*)

66

^(*)

3,490

^(*)

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

—

46

^(*)

2,324

^(*)

61

^(*)

3,198

^(*)

PLDT

US$25M

March 22, 2016

NTT Finance

Corporation

Non-amortizing,

payable upon maturity

on March 30, 2023

March 30, 2016

25

—

25

^(*)

1,265

^(*)

25

^(*)

1,307

^(*)

PLDT

US$25M

January 31, 2017

NTT Finance

Corporation

Non-amortizing,

payable upon maturity

on March 27, 2024

March 30, 2017

25

—

25

^(*)

1,263

^(*)

25

^(*)

1,306

^(*)

Smart

US$140M

March 4, 2020

PNB

Quarterly amortization rates equivalent to: (a) 2.5% of the total amount drawn payable on the first interest payment

date up to the 28th interest payment date; (b) 5% of the total amount drawn payable on the 29th interest payment

date up to the 32nd interest payment date; and (3) 2.5% of the total amount drawn payable on the 37th interest payment date up to maturity.

—

192

9,777

281

14,793

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

Payments

Outstanding Amounts

Date of

Loan

Date of

Issuance/

Amount

2019

2018

Loan Amount

Agreement

Facility Agent

Installments

Drawdown

Php

Date

Php

(in millions)

Philippine Peso Debts

Fixed Rate Corporate Notes⁽¹⁾

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

282

July 29, 2013

April 29, 2019

—

282

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

2,741

June 21, 2013

September 23, 2019

3,599

6,340

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

2,255

5,828

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

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

1,644

September 23, 2019

298

1,932

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

April 29, 2019

—

1,129

6,152

15,511

⁽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.

Date of

Payments

Outstanding Amounts

Date of Loan

Issuance/

Amount

2019

2018

Loan Amount

Agreement

Paying Agent

Terms

Drawdown

Php

Date

Php

(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

—

14,965

^(*)

14,943

^(*)

^(*)	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 refinance existing loan obligations which were utilized for network expansion and improvement programs.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(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

—

1,940

1,960

PLDT

Php200M

August 31,

2012

Manufacturers Life

Insurance Co.

(Phils.), Inc.

Payable in full upon maturity on October 9, 2019

October 9, 2012

200

—

April 10, 2019

—

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

—

January 13, 2020

940

950

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

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

—

December 20,

2019

—

2,820

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

—

1,880

1,900

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

—

1,199

^(*)

1,497

^(*)

6,959

10,327

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

⁽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.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(in millions)

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

—

2,818

^(*)

2,846

^(*)

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

—

2,847

^(*)

2,875

^(*)

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

—

475

480

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

—

1,900

1,920

PLDT

Php1,500M

April 2, 2014

Philam Life

Payable in full upon maturity on April 4, 2024

April 4, 2014

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

—

475

480

PLDT

Php1,000M

May 23,

2014

Philam Life

Payable in full upon maturity on May 28, 2024

May 28, 2014

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

—

950

960

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

—

1,425

1,440

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

—

1,920

1,940

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

—

2,880

2,910

18,190

18,351

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(in millions)

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

—

4,800

4,850

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

—

4,785

^(*)

4,833

^(*)

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

—

4,784

^(*)

4,832

^(*)

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

—

4,784

^(*)

4,831

^(*)

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

—

5,593

^(*)

6,289

^(*)

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

—

2,929

^(*)

2,957

^(*)

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

—

5,804

^(*)

5,859

^(*)

PLDT

Php8,000M

July 14, 2016

Security Bank

Annual amortization rate of 1% of the total amount drawn payable semi-annually 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

—

7,651

^(*)

7,807

^(*)

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

—

6,286

^(*)

6,346

^(*)

47,416

48,604

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(in millions)

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

—

2,910

2,940

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

—

5,229

^(*)

5,281

^(*)

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

—

5,125

^(*)

5,175

^(*)

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

—

2,250

2,500

Smart

Php4,000M

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

—

1,935

^(*)

1,953

^(*)

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

—

980

990

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

—

1,980

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

—

3,417

^(*)

3,450

^(*)

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

—

1,485

1,500

25,311

25,789

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(in millions)

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

—

1,950

1,970

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

—

3,430

3,465

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

—

1,485

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

—

990

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

—

1,980

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

—

990

1,000

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

—

1,980

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

—

12,805

12,935

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

Drawn

Cancelled

Undrawn

Outstanding Amounts

Date of Loan

Amount

Paid in

2019

2018

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

full on

Php

(in millions)

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

—

1,969

^(*)

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

—

2,950

^(*)

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 on

May 7, 2029

May 6, 2019

September 2, 2019

2,000

3,000

—

4,978

^(*)

—

PLDT

Php8,000M

February 18, 2019

Union Bank

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 on July 11, 2029

July 11, 2019

September 6,

2019

October 1,

2019

November 5,

2019

3,000

2,000

1,000

2,000

—

7,978

^(*)

—

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 on March 11, 2027

March 11, 2019

4,000

—

3,972

^(*)

—

PLDT

Php2,000M

April 11, 2019

Bank of China Limited, Manila Branch

Annual amortization rate equivalent to 1% of the amount of loan payable on the first-year anniversary up to the sixth-year anniversary of the initial drawdown date and the balance payable upon maturity on September 7, 2026

September 6, 2019

2,000

—

1,985

^(*)

—

PLDT

Php2,000M

July 1, 2019

PNB

Annual amortization rate equivalent to 1% of the total amount drawn from the facility on the first-year anniversary up to the sixth-year anniversary of the initial drawdown date and the balance payable upon maturity on September 7, 2026

September 6, 2019

2,000

—

1,985

^(*)

—

Smart

Php8,000M

September 25, 2019

CBC

Annual amortization rate equivalent to 10% of the total amount drawn starting on the third-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable upon maturity on October 2, 2029

October 2, 2019

8,000

—

7,942

^(*)

—

35,259

6,464

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.

						Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of Loan					Amount		Amount		Paid in		2019			2018
Loan Amount	Agreement	Lender(s)	Terms	Dates Drawn		Php		Php		full on		Php			Php
						(in millions)						(in millions)
Smart
Php4,000M	December 9, 2019	DBP	Annual amortization rate equivalent to 1% of the total amount drawn starting on the third-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable upon maturity on December 12, 2029	December 12, 2019			4,000		—		—		3,970	^(*)		—
PLDT
Php4,500M	December 12, 2019	BPI	Annual amortization rate equivalent to 1% of the advance on the first year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on December 18, 2029	December 15, 2019			4,500		—		—		4,500			—
Smart
Php3,000M	January 20, 2020	BDO	Annual amortization rate equivalent to 1% of the total amount drawn starting on the first-year anniversary up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on January 24, 2030	January 24, 2020			3,000		—		—		—			—
PLDT
Php5,000M	January 29, 2020	BDO	Annual amortization rate equivalent to 1% of the total amount drawn starting on the first-year anniversary up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on January 31, 2030	January 31, 2020			5,000		—		—		—			—
PLDT
Php4,000M	March 24, 2020	RCBC	Annual amortization rate equivalent to 1% of the advance starting on the first-year anniversary of the drawdown date and the balance payable upon maturity on March 27, 2028	March 26, 2020			4,000		—		—		—			—
PLDT
Php2,500M	March 30, 2020	MUFG Bank, Ltd.	Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30^th, 48^th, 54^th and 72^nd month from the drawdown date; (2) 0.50% of the amount drawn payable on the 36^th, 42^nd, 60^th and 66^th month from the drawdown date; and (3) 18% of the amount drawn payable upon maturity		—		—		2,500		—		—			—
													8,470			—
													154,410			122,470

^(*)	Amounts are net of unamortized debt discount and/or debt issuance cost.