Interest-bearing Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Detailed Information About Borrowings [Abstract]

Summary of Interest-bearing Financial Liabilities

As at December 31, 2020 and 2019, this account consists of the following:

	2020		2019
	(in million pesos)
Long-term portion of interest-bearing financial liabilities:
Long-term debt (Notes 28 and 29)		205,195		172,834
Current portion of interest-bearing financial liabilities:
Long-term debt maturing within one year (Notes 28 and 29)		17,570		19,722
		222,765		192,556

Summary of Changes to Unamortized Debt Discount

The following table describes all changes to unamortized debt discount for the years ended December 31, 2020 and 2019:

	2020			2019
	(in million pesos)
Unamortized debt discount at beginning of the year		491			418
Additions during the year		927			195
Revaluations during the year		(10	)		—
Accretion during the year included as part of financing costs – net (Note 5)		(146	)		(122	)
Unamortized debt discount at end of the year		1,262			491

Summary of Long-term Debt

As at December 31, 2020 and 2019, long-term debt consists of:

		2020				2019
Description	Interest Rates	U.S. Dollar		Php		U.S. Dollar		Php
		(in millions)
U.S. Dollar Debts:
Fixed Rate Notes	2.5000% to 3.4500% in 2020		587		28,179		—		—
Export Credit Agencies-Supported Loans:
Exportkreditnamnden, or EKN	1.4100% in 2019		—		—		—		—
Term Loans:
Others	2.8850% and US$ LIBOR +    0.7900% to 1.4500% in 2020    and 2019		264		12,693		335		17,029
			851		40,872		335		17,029
Philippine Peso Debts:
Fixed Rate Corporate Notes	5.6423% to 5.9058% in 2020 and    5.3938% to 5.9058% in 2019				3,854				6,152
Fixed Rate Retail Bonds	5.2250% to 5.2813% in 2020 and 2019				14,989				14,965
Term Loans:
Unsecured Term Loans	3.9000% to 6.7339%; PHP BVAL    + 0.5000% to 1.0000% (floor rate    4.5000%); PDST-R2 + 0.5000% to    0.6000% and TDF + 0.2500% in    2020 and 3.9000% to 6.7339%;    PHP BVAL + 0.6000% to 1.0000%    and PDST-R2 + 0.5000% to 0.6000%    in 2019				163,050				154,410
					181,893				175,527
Total long-term debt (Notes 28 and 29)					222,765				192,556
Less portion maturing within one year (Note 28)					17,570				19,722
Noncurrent portion of long-term debt (Note 28)					205,195				172,834

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, 2020 are as follows:

	U.S. Dollar Debt				Php Debt		Total
Year	U.S. Dollar		Php		Php		Php
	(in millions)
2021		60		2,852		14,859		17,711
2022		44		2,131		13,000		15,131
2023		39		1,873		25,438		27,311
2024		39		1,873		13,775		15,648
2025		14		672		21,465		22,137
2026 and onwards		670		32,174		93,915		126,089
Total long-term debt (Note 28)		866		41,575		182,452		224,027

Repurchase

Outstanding Amounts

Amount

2020

2019

Loan Amount

Issuance Date

Trustee

Terms

Php

Dates

Paid in full on

U.S. Dollar

Php

U.S. Dollar

Php

(in millions)

(in millions)

Fixed Rate Notes(1)

PLDT

US$300M

June 23, 2020

The Bank of New York Mellon, London Branch

Non-amortizing, payable    in full upon maturity    on January 23, 2031

—

—

—

294

(*)

14,110

(*)

—

—

PLDT

US$300M

June 23, 2020

The Bank of New York Mellon, London Branch

Non-amortizing, payable    in full upon maturity    on June 23, 2050

—

—

—

293

(*)

14,069

(*)

—

—

587

28,179

—

—

⁽¹⁾ The purpose of this loan is to refinance debt maturing in 2020 and 2021, prepay outstanding loans and partially finance capital expenditures.

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of

Terms

Amount

Amount

2020

2019

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

Exportkreditnamnden, or 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

—

—

—

—

—

—

—

—

⁽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

2020

2019

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)

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

—

—

—

—

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

—

—

—

—

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

—

August 11, 2020

—

—

95

4,826

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 anniversary of from the initial drawdown date and the balance payable upon maturity on September 2, 2020

September 2, 2014

50

—

September 2, 2020

—

—

48

2,426

—

—

143

7,252

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

					Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of				Amount		Amount				2020						2019
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)
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		—		—		45	(*)		2,157	(*)		74	(*)		3,797	(*)
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	(*)
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			—		—		30	(*)		1,469	(*)		46	(*)		2,324	(*)
PLDT
US$25M	March 22, 2016	NTT TC    Leasing    Co., Ltd.,    or NTT TC    Leasing(1)	Non-amortizing, payable upon maturity on March 30, 2023	March 30, 2016		25		—		—		25	(*)		1,197	(*)		25	(*)		1,265	(*)
PLDT
US$25M	January 31, 2017	NTT TC    Leasing(1)	Non-amortizing, payable upon maturity on March 27, 2024	March 30, 2017		25		—		—		25	(*)		1,195	(*)		25	(*)		1,263	(*)
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 on December 13, 2030	December 14, 2020		140		—		—		139	(*)		6,675	(*)		—			—
												264			12,693			192			9,777
												264			12,693			335			17,029

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

⁽¹⁾ Effective July 1, 2020, these loans were transferred from NTT Finance Corporation to NTT TC Leasing.  See Note 25 – Related PartyTransactions.

	Date of			Date of	Payments			Outstanding Amounts
	Loan			Issuance/	Amount			2020		2019
Loan Amount	Agreement	Facility Agent	Installments	Drawdown	Php		Date	Php		Php
					(in millions)			(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		—		—
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		3,560		3,599
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	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
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			2,255	November 23, 2020
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		294		298
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		—		—
									3,854		6,152

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

Date of

Payments

Outstanding Amounts

Issuance/

Amount

2020

2019

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

12,400

February 8, 2021

14,989

(*)

14,965

(*)

^(*) 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 networkexpansion and improvement programs.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

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

—

—

1,920

1,940

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

—

—

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

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

—

December 3, 2020

—

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

—

—

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

—

August 24, 2020

—

1,880

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

—

September 29, 2020

—

1,199

(*)

1,920

6,959

^(*) 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 serviceimprovements and expansion programs.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

October 9, 2020

—

2,818

(*)

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

—

November 18, 2020

—

2,847

(*)

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

—

November 18, 2020

—

475

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

—

October 30, 2020

—

1,900

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

—

October 30, 2020

—

475

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

—

—

940

950

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

—

—

1,410

1,425

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

—

—

1,900

1,920

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

—

—

2,850

2,880

9,600

18,190

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

4,750

4,800

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

—

—

4,737

(*)

4,785

(*)

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

—

—

4,736

(*)

4,784

(*)

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

—

—

4,736

(*)

4,784

(*)

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

—

—

4,897

(*)

5,593

(*)

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

—

—

2,900

(*)

2,929

(*)

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

—

—

5,748

(*)

5,804

(*)

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

—

—

7,495

(*)

7,651

(*)

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

—

—

6,225

(*)

6,286

(*)

46,224

47,416

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

2,880

2,910

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

—

—

5,178

(*)

5,229

(*)

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

—

—

5,076

(*)

5,125

(*)

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

—

—

2,000

2,250

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

—

—

1,917

(*)

1,935

(*)

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

—

—

970

980

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

—

—

1,960

1,980

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

—

—

3,383

(*)

3,417

(*)

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

—

—

1,470

1,485

24,834

25,311

^(*) 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.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

1,930

1,950

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

—

—

3,395

3,430

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

—

—

1,470

1,485

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

—

—

980

990

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

—

—

1,960

1,980

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

—

—

980

990

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

—

—

1,960

1,980

12,675

12,805

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

1,951

(*)

1,969

(*)

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

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

—

—

2,922

(*)

2,950

(*)

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 6, 2029

May 6, 2019 September 2, 2019

2,000 3,000

—

—

4,980

(*)

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

—

—

7,900

(*)

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

—

—

3,936

(*)

3,972

(*)

PLDT

Php2,000M

April 11, 2019

Bank of China (Hong Kong) 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

—

—

1,968

(*)

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

—

—

1,967

(*)

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

—

—

7,949

(*)

7,942

(*)

35,073

35,259

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

						Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of Loan					Amount		Amount		Paid in		2020			2019
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		—		—		3,973	(*)		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		—		—		4,424	(*)		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		—		—		2,979	(*)		—
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		—		—		4,965	(*)		—
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		—		—		3,972	(*)		—
PLDT
Php2,500M	March 30, 2020	MUFG Bank, Ltd.	Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30th, 48th, 54th and 72nd month from the drawdown date; (2) 0.50% of the amount drawn payable on the 36th, 42nd, 60th and 66th month from the drawdown date; and (3) 18% of the amount drawn payable upon maturity on October 2, 2026	April 2, 2020			2,500		—		—		2,484	(*)		—
PLDT
Php3,000M	May 20, 2020	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on May 28, 2030	May 28, 2020			3,000		—		—		2,979	(*)		—
Smart
Php4,000M	May 20, 2020	LBP	Annual amortization rate equivalent to 1% of principal amount of the loan starting on the first-year up to the ninth- year anniversary of the initial advance and the balance payable upon maturity on November 20, 2030	November 20, 2020			4,000		—		—		3,970			—
PLDT
Php3,000M	May 21, 2020	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on December 18, 2030	December 18, 2020			3,000		—		—		2,978	(*)		—
PLDT
Php5,000M	February 9, 2021	BPI	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on February 16, 2032	February 15, 2021			5,000		—		—		—			—
Smart
Php3,000M	March 4, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on March 7, 2031	March 9, 2021			3,000		—		—		—			—
Smart
Php3,000M	March 5, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity		—		—		—		—		—			—
Smart
Php3,000M	March 8, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity		—		—		—		—		—			—
													32,724			8,470
													163,050			154,410

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

Disclosure Of Loans Explanatory

⁽¹⁾ The purpose of this loan is to refinance debt maturing in 2020 and 2021, prepay outstanding loans and partially finance capital expenditures.

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of

Terms

Amount

Amount

2020

2019

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

Exportkreditnamnden, or 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

—

—

—

—

—

—

—

—

⁽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

2020

2019

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)

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

—

—

—

—

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

—

—

—

—

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

—

August 11, 2020

—

—

95

4,826

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 anniversary of from the initial drawdown date and the balance payable upon maturity on September 2, 2020

September 2, 2014

50

—

September 2, 2020

—

—

48

2,426

—

—

143

7,252

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

					Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of				Amount		Amount				2020						2019
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)
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		—		—		45	(*)		2,157	(*)		74	(*)		3,797	(*)
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	(*)
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			—		—		30	(*)		1,469	(*)		46	(*)		2,324	(*)
PLDT
US$25M	March 22, 2016	NTT TC    Leasing    Co., Ltd.,    or NTT TC    Leasing(1)	Non-amortizing, payable upon maturity on March 30, 2023	March 30, 2016		25		—		—		25	(*)		1,197	(*)		25	(*)		1,265	(*)
PLDT
US$25M	January 31, 2017	NTT TC    Leasing(1)	Non-amortizing, payable upon maturity on March 27, 2024	March 30, 2017		25		—		—		25	(*)		1,195	(*)		25	(*)		1,263	(*)
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 on December 13, 2030	December 14, 2020		140		—		—		139	(*)		6,675	(*)		—			—
												264			12,693			192			9,777
												264			12,693			335			17,029

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

⁽¹⁾ Effective July 1, 2020, these loans were transferred from NTT Finance Corporation to NTT TC Leasing.  See Note 25 – Related PartyTransactions.

	Date of			Date of	Payments			Outstanding Amounts
	Loan			Issuance/	Amount			2020		2019
Loan Amount	Agreement	Facility Agent	Installments	Drawdown	Php		Date	Php		Php
					(in millions)			(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		—		—
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		3,560		3,599
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	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
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			2,255	November 23, 2020
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		294		298
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		—		—
									3,854		6,152

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

Date of

Payments

Outstanding Amounts

Issuance/

Amount

2020

2019

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

12,400

February 8, 2021

14,989

(*)

14,965

(*)

^(*) 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 networkexpansion and improvement programs.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

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

—

—

1,920

1,940

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

—

—

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

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

—

December 3, 2020

—

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

—

—

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

—

August 24, 2020

—

1,880

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

—

September 29, 2020

—

1,199

(*)

1,920

6,959

^(*) 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 serviceimprovements and expansion programs.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

October 9, 2020

—

2,818

(*)

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

—

November 18, 2020

—

2,847

(*)

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

—

November 18, 2020

—

475

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

—

October 30, 2020

—

1,900

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

—

October 30, 2020

—

475

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

—

—

940

950

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

—

—

1,410

1,425

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

—

—

1,900

1,920

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

—

—

2,850

2,880

9,600

18,190

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

4,750

4,800

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

—

—

4,737

(*)

4,785

(*)

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

—

—

4,736

(*)

4,784

(*)

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

—

—

4,736

(*)

4,784

(*)

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

—

—

4,897

(*)

5,593

(*)

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

—

—

2,900

(*)

2,929

(*)

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

—

—

5,748

(*)

5,804

(*)

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

—

—

7,495

(*)

7,651

(*)

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

—

—

6,225

(*)

6,286

(*)

46,224

47,416

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

2,880

2,910

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

—

—

5,178

(*)

5,229

(*)

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

—

—

5,076

(*)

5,125

(*)

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

—

—

2,000

2,250

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

—

—

1,917

(*)

1,935

(*)

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

—

—

970

980

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

—

—

1,960

1,980

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

—

—

3,383

(*)

3,417

(*)

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

—

—

1,470

1,485

24,834

25,311

^(*) 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.

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

1,930

1,950

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

—

—

3,395

3,430

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

—

—

1,470

1,485

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

—

—

980

990

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

—

—

1,960

1,980

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

—

—

980

990

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

—

—

1,960

1,980

12,675

12,805

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

Drawn

Cancelled Undrawn

Outstanding Amounts

Date of Loan

Amount

Amount

Paid in

2020

2019

Loan Amount

Agreement

Lender(s)

Terms

Dates Drawn

Php

Php

full on

Php

Php

(in millions)

(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

—

—

1,951

(*)

1,969

(*)

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

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

—

—

2,922

(*)

2,950

(*)

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 6, 2029

May 6, 2019 September 2, 2019

2,000 3,000

—

—

4,980

(*)

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

—

—

7,900

(*)

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

—

—

3,936

(*)

3,972

(*)

PLDT

Php2,000M

April 11, 2019

Bank of China (Hong Kong) 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

—

—

1,968

(*)

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

—

—

1,967

(*)

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

—

—

7,949

(*)

7,942

(*)

35,073

35,259

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

						Drawn		Cancelled Undrawn				Outstanding Amounts
	Date of Loan					Amount		Amount		Paid in		2020			2019
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		—		—		3,973	(*)		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		—		—		4,424	(*)		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		—		—		2,979	(*)		—
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		—		—		4,965	(*)		—
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		—		—		3,972	(*)		—
PLDT
Php2,500M	March 30, 2020	MUFG Bank, Ltd.	Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30th, 48th, 54th and 72nd month from the drawdown date; (2) 0.50% of the amount drawn payable on the 36th, 42nd, 60th and 66th month from the drawdown date; and (3) 18% of the amount drawn payable upon maturity on October 2, 2026	April 2, 2020			2,500		—		—		2,484	(*)		—
PLDT
Php3,000M	May 20, 2020	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on May 28, 2030	May 28, 2020			3,000		—		—		2,979	(*)		—
Smart
Php4,000M	May 20, 2020	LBP	Annual amortization rate equivalent to 1% of principal amount of the loan starting on the first-year up to the ninth- year anniversary of the initial advance and the balance payable upon maturity on November 20, 2030	November 20, 2020			4,000		—		—		3,970			—
PLDT
Php3,000M	May 21, 2020	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on December 18, 2030	December 18, 2020			3,000		—		—		2,978	(*)		—
PLDT
Php5,000M	February 9, 2021	BPI	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on February 16, 2032	February 15, 2021			5,000		—		—		—			—
Smart
Php3,000M	March 4, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on March 7, 2031	March 9, 2021			3,000		—		—		—			—
Smart
Php3,000M	March 5, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity		—		—		—		—		—			—
Smart
Php3,000M	March 8, 2021	LBP	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity		—		—		—		—		—			—
													32,724			8,470
													163,050			154,410

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