Proceeds will be used to refinance a EUR300m floating rate bond and a SEK3bn floating rate bond, both callable at par, issued in 2017 and with original maturity
It is also equivalent to 5.1 times the country's short-term external debt based on original maturity
and 3.7 times based on residual maturity.
Gross international reserves stood at $83.6 billion as of end-March 2019 and represented five times cover for short-term debt under the original maturity
concept,' the BSP said in a statement.
Despite the increase, Diokno said the key external debt indicators of the Philippines remained at prudent levels as the country's gross internal reserves (GIR) stood at $83.6 billion in end-March or equivalent to five times cover for short-term debt under the original maturity
It is also equivalent to five times the country's short-term external debt based on original maturity
and 3.5 times based on residual maturity, said the BSP.
Proceeds from the loan were used to pay off the existing USD 87.0 million mortgage loan with an interest rate of LIBOR + 1.65% and an original maturity
date of November 2019.
It is also equivalent to 5.7 times the country's short-term external debt based on original maturity
and 3.9 times based on residual maturity.
The bank issued the Sukuk on 11 November 2013 for an aggregate value of SAR 45 billion with an original maturity
period of seven years, meaning that the Islamic bond would mature on 11 November 2020, but callable on 11 November 2018.
The tranche related to the FSO Asia (part of the same facility) will continue to run until its original maturity
Summary: DUBAI - National Bank of Fujairah, or NBF, announced that it has repaid its Dh643 million subordinated loan to the UAE Ministry of Finance in full and ahead of its original maturity
date of 2016, having received all necessary approvals from the country's Central Bank and Ministry of Finance.
The British firm plans to extend the life of Unite Capital Cities (UCC), its existing JV with GIC Real Estate, to September 2022 from the original maturity
date of March 2013.