The bulk or 66 percent of the end-August outstanding debt
amounting P4.152 trillion were borrowed locally, up 6.9 percent year-on-year and 0.1 percent month-on-month.
As of May, outstanding debt
securities increased to P3.796 trillion from end-April's P3.768 trillion.
Additionally, the company's 2011 liability management programme expects to extend the maturity profile of its outstanding debt
and also retire about USD2.0 to USD3.0bn of its shorter-dated senior notes with the proceeds from its mentioned planned asset sales, as part of this offering.
The regulations also contain an "anti-rollover" rule to prevent taxpayers from reducing outstanding debt
during the last 90 days of a tax year and then replacing such debt during the first 90 days of the following tax year.
At the end of March, treasury bonds accounted for the bulk of outstanding debt
with a face amount of P3.56 trillion.
Proceeds will repay certain outstanding debt
under Ares' senior secured revolving credit facility and remaining repay some more outstanding debt
under a separate credit facility, for general corporate purposes use about USD180m and USD310m for funding investments in its investment backlog and pipeline, respectively, as of 3 November 2010.
The remaining outstanding debt
owing to Professor Conroy is now EUR86,208 and the Company and Professor Richard Conroy have entered into an agreement to formalise the terms of the outstanding debt
The Federal Government has ordered the International Oil Companies (IOC) to clear all outstanding debt
being owed stevedoring firms in the nation's maritime sector.
Water and electricity were reconnected at several government schools that had their services cut due to outstanding debt
with the City of Windhoek (CoW).