Annual Report 2009 - LWUA

installments on May 15 and November 15in each year up to Nov. 15, 2022 13,118,922 13,118,922DANIDA V – DKr95MAt 0% interest payable in 17.5 annualinstallments of DKR5,280,000 starting onApril 1, 1992 to October 1, 2009. - 46,315,648IDA 920-PHI – US$14MAt 0.75% service charge per annumpayable in 40.5 annual installments of $96,086starting August 15, 1989, increasingthereafter up to February 15, 2029. 46,234,787 53,614,192OECF PH-P82 – Y.945BAt 8.7% per annum payable in 20 annual principalpayments of Y46,110,000 startingJanuary 20, 1998 to January 20, 2018. 103,334,836 112,119,793OECF PH-P124 – Y.789BAt 9% per annum payablein 20.5 annual principal payments of Y38,468,000starting April 20, 2000 to April 20, 2022. 45,941,669 65,138,439OECF PH-P149 – Y6.212BAt 4.9% per annum payable in 20.5 annual principalinstallments of Y151,520,000 startingDecember 20, 2004 and increasing thereafter up to December 20, 2024 970,742,519 1,028,740,493French Protocol – FF24MAt 3% Treasury Loan per annum payable in 30 annualinstallments of FF1,313,933.60starting December 31, 1990 to December 31, 2020 88,407,912 94,708,1442,508,120,838 2,738,239,069Less : Current Portion 135,283,775 143,551,069Loans Payable – GOP 2,372,837,063 2,594,688,000Loans Payable – Government of the Philippines are loans executed by and between the Republic of the Philippines (RP), as the borrower andthe foreign lending banks, as the lender. Subsidiary loan agreements were, likewise, executed by and between the LWUA, as the implementingagency or one of the implementing agencies, and sub-borrower, and the RP, as the sub- lender to LWUA.15. LOANS PAYABLE - FOREIGNThis account consists of:2009 2008ADB 1269-PHI – US$21.1MAt interest based on the cost to thebank of such currencies plus spreadwhich ranges from 6.3% to 6.7% per annumpayable in 20 annual installments of $733,100starting March 1, 1999, increasing,thereafter, up to September 1, 2018. 800,818,653 845,400,435ADB 1472-PHI – US$45MAt 6.79% per annum payable in 20 annualinstallments of $848,500 starting March 1, 2002,increasing, up to September 1, 2021. 1,070,480,361 1,111,073,503OECF PH-P154 – Y6.131BAt 2.5%, Principal (I) and 2.1%, Principal (II)per annum payable in 20 annual installments38 Local Water Utilities Administration