statement of indebtedness, payments and balances 1st Qtr 2023.xlsx

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10			Annex A
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12	Statement of Indebtedness, Payments and Balances
13	POST BORROWING REPORT
14	March 31, 2023
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17	1	Name of Borrower	Provincial Government of Negros Occidental
18	2	Monetary Board Resolution No.	1677 dated October 11, 2012
19	3	Date of Monetary Board Opinion	October 16, 2012
20	4	Amount of Proposed Loan	P 40,000,000.00
21	5	Date of Approval of Loan	October 30,2013
22	6	Maturity Date	October 30, 2028
23	7	Name of Facility	PNBIG TERM LOAN
24	8	Actual Amount of Loan	P 39,977,909.14
25	9	Purpose of Indebtebness	To finance the construction of two (2) Storey, 24, classrooms school
26			building at Negros Occidental Provincial High School, Bacolod City,
27			Negros Occidental
28	10	Availment to Date	P 39,977,909.14
29			10/30/2013 22,320,000.00
30			April 15, 2014 3,686.429.00
31			June 19, 2014 3,173,446.00
32			August 20, 2014 7,581,412.14
33			July 23,2016 3,216,622.00
34			P 39,977,090.14
35	11	Undrawn Balance	P 22,090.86
36	12	Remaining Balance to date (Outstanding	P 17,682,536.30
37		Loan after principal and interest payment)
38		Final Terms and Conditions
39	13	No. of Years of Indebtedness	15 years
40	14	Interest Rate (Actual)	6.5% per annum
41	15	Frequency of Payments	quarterly payments of principal and interest
42	16	Grace Period	2 years grace period on principal
43		Annual Amortization
44	17	Principal	P 3,075,223.84
45	18	Interest	P 1,312,973.09
46		Cummulative Quarterly Payment
47		During the Year
48	19	Starting date of Payment	January 30, 2014
49	20	Principal	P 22,295,372.84
50	21	Interest	P 15,759,686.94
51		Arrears (if any)
52	22	Principal	P 0.00
53	23	Interest	P 0.00
54	24	National Guarantee/Security	None
55	25	Major Debt Covenants	* Principal is payable in equal quarterly payments to start at the end of
56			the first quarter after the initial loan release
57			* Interest is payable quarterly in arrears to coincide with principal payments
58			* Penalty at 24% p.a. in case of non-payment, shall be charged to start
59			on the day after the due date of loan amortization up to the date of
60			settlement
61	26	Collateral Guarantee/Security	Deed of Assignment of IRA
62	27	Deposit to Bond Sinking Fund for the year	None
63	28	Sinking Fund Balance to date, if any	None
64	29	Breakdown of Fees and Other related Costs	- Appraisal, inspection, handling or processing fee, and commitment fee shall
65			shall be waived unless imposed by financing program
66			- A 5% pre-payment fee shall be waived except arising from loan takeout by
67			other banks and unless imposed by special financing program
68	30	Other Relevant terms and conditions	Loan Releases for construction projects will be on staggered basis
69			depending on the percentage of completion of the project as validated by
70			the LENDER'S appraiser.
71			The LGU shall maintain an Average Daily Balance (ADB) of Deposit to
72			meet the minimum Account Relationship Earnings/Account Profitability Rate
73			No loan availment shall be allowed if there is a past due note outstanding
74			with the LENDER and/or past due account with other Banks
75			The BORROWER shall execute an authorization for the LENDER to debit
76			its Deposit Account. The LENDER has the option to debit the BORROWER'S
77			deposit account to cover any loan payment as thay fall due
78			All taxes due on the collateral shall be updated
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82		Certified Correct:
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86		ATTY. AMY GRACE 0. BOLIVAR, CPA
87		Provincial Treasurer
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