Table D.7
OUTSTANDING FOREIGN DEBT FROM LIABILITIES ASSUMED BY THE NATIONAL GOVERNMENT, AS OF YEAR END 2001-2003
(In Thousand US Dollars)
Particulars		Curr		1997			1998		1999			2001			2002				2003
												Outstanding at the Beginning	Added Borrowings	Principal Amortization	Outstanding at the Beginning	Added Borrowings	Principal Amortization	Outstanding at the Beginning	Added Borrowings	Principal Amortization	Outstanding at the Beginning
PHILIPPINE NATIONAL BANK			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	136,596	-	8,147	128,449	-	97,300	31,148	-	8,148	23,000
I.  Real Account			15,263	0	2,784	12,479	0	2,783	9,696	0	2,783	6,595	-	1,863	4,732	-	1,864	2,868	-	1,864	1,005
Commercial Loans			11,039	0	1,577	9,462	0	1,576	7,886	0	1,576	4,731	-	1,576	3,155	-	1,577	1,578	-	1,577	1
Bank Dagang Negara		USD	8,050		1,150	6,900		1,150	5,750	0	1,150	3,450	-	1,150	2,300	-	1,150	1,150	-	1,150	-
Wells Fargo Bank		USD	611		87	524		87	437	0	87	262	-	87	175	-	87	88	-	87	0
Unidenmark Asia Ltd		USD	906		129	776		129	647	0	129	631	-	210	421	-	210	211	-	210	0
Unidenmark Asia Ltd		USD	1,472		210	1,262		210	1,052	0	210	388	-	129	259	-	129	130	-	129	0
											`
Bilateral Loans:			4,225	0	1,207	3,018	0	1,207	1,811	0	1,207	1,864	-	287	1,577	-	287	1,290	-	287	1,003
Finnish Export		USD	4,225		1,207	3,018		1,207	1,811	0	1,207	1,864	-	287	1,577	-	287	1,290	-	287	1,003
II.  Contingent Obligations			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	130,001	-	6,284	123,717	-	95,437	28,280	-	6,284	21,996
Commercial Loans			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	89,153	-	-	89,153	-	89,152	0	-	-	0
Other Rescheduling			7,512	0	0	7,512	0	0	7,512	0	0	7,512	-	-	7,512	-	7,512	0	-	-	0
China Machinery (upon demand)		USD	7,512			7,512			7,512	0	0	7,512	-	-	7,512	-	7,512	0	-	-	0
NIDC-Other Guaranteed  (Upon demand)			63,709	0	0	63,709	0	0	61,000	0	0	60,898	-	-	60,898	-	60,898	-	-	-	-
Barclays Bank		GBP	0			0			0	0	0	0	-	-	0	-	0	-	-	-	-
Banque Paribas		FFR	3,133			3,133			510	0	0	422	-	-	422	-	422	-	-	-	-
EDC		CAN	268			268			182	0	0	168	-	-	168	-	168	-	-	-	-
Ultrafin AG		USD	717			717			717	0	0	717	-	-	717	-	717	-	-	-	-
Security Bank		USD	2,180			2,180			2,180	0	0	2,180	-	-	2,180	-	2,180	-	-	-	-
Chase Manhattan		USD	33,088			33,088			33,088	0	0	33,088	-	-	33,088	-	33,088	-	-	-	-
Indosuez		USD	18,598			18,598			18,598	0	0	18,598	-	-	18,598	-	18,598	-	-	-	-
Metrobank		USD	509			509			509	0	0	509	-	-	509	-	509	-	-	-	-
Century Bank		USD	5,215			5,215			5,215	0	0	5,215	-	-	5,215	-	5,215	-	-	-	-
Due Financial Institutions (upon demand)			8,333	0	0	8,333	0	0	8,333	0	0	8,333	-	-	8,333	-	8,333	-	-	-	-
BA Asia Ltd HK (upon demand)		USD	8,333			8,333			8,333	0	0	8,333	-	-	8,333	-	8,333	-	-	-	-
Unused Commercial LCs (upon demand)			8,630	0	0	8,630	0	0	5,915	0	0	5,910	-	-	5,910	-	5,910	-	-	-	-
Takachito Shuji Co Ltd		YEN	2,741			2,741			26	0	0	21	-	-	21	-	21	-	-	-	-
Vibratex Services		USD	974			974			974	0	0	974	-	-	974	-	974	-	-	-	-
Samia Private Ltd		USD	515			515			515	0	0	515	-	-	515	-	515	-	-	-	-
Vicente R. Chuidian		USD	4,400			4,400			4,400	0	0	4,400	-	-	4,400	-	4,400	-	-	-	-
Performance Bonds  (upon demand)			19,974	0	0	19,974	0	0	5,326	0	0	6,500	-	-	6,500	-	6,500	-	-	-	-
National Comm Bank		SAR	5,919			5,919			1,578	0	0	1,578	-	-	1,578	-	1,578	-	-	-	-
National Comm Bank		SAR	14,055			14,055			3,748	0	0	4,922	-	-	4,922	-	4,922	-	-	-	-
Bilateral Loans			4,192,183	0	2,423	4,189,760	0	2,423	61,960	0	1,286	40,848	-	6,284	34,564	-	6,284	28,280	-	6,284	21,995
Midland Bank (113-75)	4	GBP	1,030			1,030			13,664	0	0	1,391	-	214	1,177	-	214	963	-	214	749
Credit Lyonnais SFM 44-80)	3	FFR	4,754		1,358	3,396		1,358	332	0	221	545	-	84	461	-	84	378	-	84	294
Credit Lyonnais	3	FFR	4,362			4,362			670	0	0	-	-	-	-	-	-	-	-	-	-
Credit Lyonnais	4	FFR										-	-	-	-	-	-	-	-	-	-
Sumitomo Corp	4	YEN	157,430			157,430			1,538	0	0	1,110	-	171	939	-	171	769	-	171	598
Toyo Corp	4	YEN	158,647			158,647			1,550	0	0	1,119	-	172	947	-	172	775	-	172	602
Marubeni Corp  - Basay Mining	4	YEN	801,777			801,777			7,832	0	0	5,655	-	870	4,785	-	870	3,915	-	870	3,045
Marubeni Corp  - Domsat	4	YEN	412,069			412,069			4,025	0	0	2,906	-	447	2,459	-	447	2,012	-	447	1,565
Marubeni Corp  -  Casuco	4	YEN	1,194,420			1,194,420			11,667	0	0	8,424	-	1,296	7,128	-	1,296	5,832	-	1,296	4,536
Marubeni Corp  -  Busco	4	YEN	747,409			747,409			7,301	0	0	5,271	-	811	4,460	-	811	3,649	-	811	2,838
Marubeni Corp  -  Upsumco	4	YEN	701,628			701,628			6,853	0	0	4,948	-	761	4,187	-	761	3,426	-	761	2,664
Marubeni Corp - Busco	3	USD	3,726		1,065	2,662		1,065	1,597	0	1,065	4,900	-	754	4,146	-	754	3,392	-	754	2,639
Toyoda Tsusho Kaisha Co	4	USD	800			800			800	0	0	743	-	114	628	-	114	514	-	114	400
Eximbank of USA	4	USD	3,628			3,628			3,628	0	0	3,369	-	518	2,851	-	518	2,332	-	518	1,814
Morgan Grenfell & Co	4	USD	186			186			186	0	0	173	-	27	146	-	27	119	-	27	93
Morgan Grenfell & Co	4	USD	318			318			318	0	0	295	-	45	250	-	45	205	-	45	159
DEVELOPMENT BANK OF THE PHIL.			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	263,745	-	40,716	223,029	-	40,760	182,269	-	40,804	141,465
Real Accounts			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	41,855	-	6,304	35,552	-	6,348	29,204	-	6,392	22,812
Bilateral Loans			1,395,606	0	392,120	1,003,486	0	392,120	20,228	0	11,524	41,855	-	6,304	35,552	-	6,348	29,204	-	6,392	22,812
Private Export Funding Corp		USD	295			295			295	0	0	274	-	42	232	-	42	190	-	42	148
US Eximbank		USD	394			394			394	0	0	366	-	56	310	-	56	253	-	56	197
USAID 492-A-007		USD	231			231			231	0	0	231	-	-	231	-	12	220	-	23	196
USAID 492-H-025		USD	245		70	175		70	105	0	70	402	-	-	402	-	20	382	-	40	342
USAID 492-H-026		USD	151		43	108		43	65	0	43	248	-	-	248	-	12	235	-	25	210
Mantrust, London		USD	4,147		1,185	2,962		1,185	1,777	0	1,185	2,907	-	447	2,460	-	447	2,013	-	447	1,565
Banco Exterior de Espana $81M		USD	20,447		5,842	14,605		5,842	8,763	0	5,842	23,651	-	3,639	20,013	-	3,639	16,374	-	3,639	12,735
Banco Exterior de Espana $7.8M		USD	2,113		604	1,509		604	906	0	604	2,444	-	376	2,068	-	376	1,692	-	376	1,316
Banco Exterior de Espana $1.7M		USD	462		132	330		132	198	0	132	535	-	82	452	-	82	370	-	82	288
Japan Eximbank Y6B		YEN	1,344,849		384,244	960,605		384,244	5,472	0	3,648	9,144	-	1,407	7,738	-	1,407	6,331	-	1,407	4,924
Midland Bank		GBP	172			172			277	0	0	232	-	36	196	-	36	160	-	36	125
Dresdner Bank		DEM	290			290			149	0	0	122	-	19	103	-	19	84	-	19	66
Int'l Bank Fuer Aussenhandel		ATS	21,809			21,809			1,596	0	0	1,300	-	200	1,100	-	200	900	-	200	700
II. Contingent Accounts			29,725,522	0	566	29,724,956	0	566	295,588	0	517	221,889	-	34,412	187,477	-	34,412	153,065	-	34,412	118,653
Commercial Loans			3,963	0	566	3,397	0	566	2,537	0	517	1,533	-	511	1,022	-	511	511	-	511	(0)
Security Pacific National		USD	3,263		466	2,797		466	2,331	0	466	1,398	-	466	932	-	466	466	-	466	(0)
American Express Bank Ltd		DEM	233		33	200		33	69	0	17	45	-	15	30	-	15	15	-	15	(0)
Amercian Express Bank Ltd		DEM	233		33	200		33	69	0	17	45	-	15	30	-	15	15	-	15	(0)
American Express Bank Ltd		DEM	233		33	200		33	69	0	17	45	-	15	30	-	15	15	-	15	(0)
Bilateral Loans			29,721,559	0	0	29,721,559	0	0	293,051	0	0	220,356	-	33,901	186,455	-	33,901	152,554	-	33,901	118,653
Platt Saco Lowell		USD	1,223			1,223			1,223	0	0	1,135	-	175	961	-	175	786	-	175	611
Marubeni Corp (Fuji Bank)		USD	11,246			11,246			11,246	0	0	10,442	-	1,607	8,836	-	1,607	7,229	-	1,607	5,623
Mitsubishi Heavy Industries		YEN	4,968,729			4,968,729			48,535	0	0	35,042	-	5,391	29,651	-	5,391	24,260	-	5,391	18,869
Marubeni Corporation		YEN	16,886,811			16,886,811			164,950	0	0	119,094	-	18,322	100,772	-	18,322	82,450	-	18,322	64,128
Dresdner Bank (Lurgie Chemie)		DEM	2,840			2,840			1,462	0	0	1,191	-	183	1,008	-	183	824	-	183	641
Banque Francaise due Commerce Ext.		FFR	13,008			13,008			1,997	0	0	1,626	-	250	1,376	-	250	1,126	-	250	876
Banque Francaise due Commerce Ext.		FFR	1,245			1,245			191	0	0	156	-	24	132	-	24	108	-	24	84
Banque de Indochine Et de Suez		FFR	108			108			17	0	0	13	-	2	11	-	2	9	-	2	7
Societe Generale de Banque		BEF	722,145			722,145			18,027	0	0	14,679	-	2,258	12,421	-	2,258	10,163	-	2,258	7,904
Banque de Benelux		BEF	124,229			124,229			3,101	0	0	2,525	-	388	2,137	-	388	1,748	-	388	1,360
Banco Exterior de Espana		ESP	6,989,976			6,989,976			42,303	0	0	34,453	-	5,300	29,152	-	5,300	23,852	-	5,300	18,551
PHIL. NUCLEAR POWER PLANT/NPC			637,454	0	0	637,454	0	0	225,579	0	0	208,627	-	32,097	176,531	-	32,097	144,434	-	32,097	112,338
Bilateral Loans			637,454	0	0	637,454	0	0	225,579	0	0	208,627	-	32,097	176,531	-	32,097	144,434	-	32,097	112,338
American Express - A & B		USD	32,989			32,989			32,989	0	0	30,633	-	4,713	25,920	-	4,713	21,207	-	4,713	16,495
Bank of Tokyo A		USD	14,156			14,156			14,156	0	0	13,145	-	2,022	11,123	-	2,022	9,100	-	2,022	7,078
US Eximbank 6122		USD	151,353			151,353			151,353	0	0	140,542	-	21,622	118,920	-	21,622	97,298	-	21,622	75,676
Union Bank of Switzerland		USD	23,019			23,019			23,019	0	0	21,374	-	3,288	18,086	-	3,288	14,798	-	3,288	11,509
Japan MITI (Mitsui & Co.)		YEN	415,938			415,938			4,063	0	0	2,933	-	451	2,482	-	451	2,031	-	451	1,580
NATIONAL DEVELOPMENT COMPANY			431,168	0	3,873	427,295	0	3,873	18,427	0	1,439	14,072	-	2,175	11,896	-	2,259	9,638	-	2,342	7,296
Real Accounts			55,272	0	3,873	51,399	0	3,873	12,235	0	1,439	9,213	-	1,428	7,785	-	1,511	6,274	-	1,594	4,680
Bilateral Loans			1,663	0	0	1,663	0	0	1,663	0	0	1,663	-	-	1,663	-	83	1,580	-	166	1,413
ICO - First Tranche		USD	1,060			1,060			1,060	0	0	1,060	-	-	1,060	-	53	1,007	-	106	901
ICO - Second Tranche		USD	603			603			603	0	0	603	-	-	603	-	30	572	-	60	512
Commercial Loans			53,609	0	3,873	49,736	0	3,873	10,572	0	1,439	7,550	-	1,428	6,122	-	1,428	4,694	-	1,428	3,266
ICO - First Tranche		USD	3,662		458	3,204		458	2,747	0	458	1,831	-	458	1,373	-	458	916	-	458	458
ICO - Second Tranche		USD	4,120		458	3,662		458	3,204	0	458	2,289	-	458	1,831	-	458	1,373	-	458	916
ICO - Third Tranche		USD	4,578		458	4,120		458	3,662	0	458	2,747	-	458	2,289	-	458	1,831	-	458	1,373
Belgian F.A. - First Tranche		BEF	20,000		1,250	18,750		1,250	463	0	33	328	-	27	301	-	27	274	-	27	246
Belgian F.A. - Second Tranche		BEF	21,250		1,250	20,000		1,250	496	0	33	356	-	27	328	-	27	301	-	27	274
Contingent Accounts			375,896	0	0	375,896	0	0	6,191	0	0	4,858	-	747	4,111	-	747	3,363	-	747	2,616
Davy Mckee		USD	105			105			105	0	0	98	-	15	83	-	15	68	-	15	53
Marubeni Corp (Philphos)		YEN	216,825			216,825			2,118	0	0	1,529	-	235	1,294	-	235	1,059	-	235	823
Societe Generale		BEF	158,965			158,965			3,968	0	0	3,231	-	497	2,734	-	497	2,237	-	497	1,740
TIDCORP  (PHILGUARANTEE)			8,759	0	14	8,745	0	14	6,561	0	14	6,304	-	888	5,416	-	888	4,529	-	1,677	2,852
Contingent Accounts			8,759	0	14	8,745	0	14	6,561	0	14	6,304	-	888	5,416	-	888	4,529	-	1,677	2,852
Commercial Loans			3,055	0	14	3,042	0	14	857	0	14	1,008	-	73	935	-	73	862	-	862	-
The Saudi Investment Bank (upon demand)		SAR	2,960			2,960			789	0	0	789	-	-	789	-	-	789	-	789	-
Amanah Chase Merchant Bank		USD	95		14	82		14	68	0	14	41	-	14	27	-	14	14	-	14	-
Bank Bumiputra		USD										177	-	59	118	-	59	59	-	59	-
Bilateral Loans			5,704	0	0	5,704	0	0	5,704	0	0	5,296	-	815	4,481	-	815	3,667	-	815	2,852
Norhtwest Bank of Minneapolis		USD	97			97			97	0	0	90	-	14	76	-	14	62	-	14	48
First National Bank of Chicago		USD	5,607			5,607			5,607	0	0	5,206	-	801	4,405	-	801	3,604	-	801	2,803
PHILIPPINE AIRLINES			3,811	0	0	3,811	0	0	1,637	0	0	1,475	-	227	1,248	-	227	1,021	-	228	794
Bilateral Loans			3,811	0	0	3,811	0	0	1,637	0	0	1,475	-	227	1,248	-	227	1,021	-	228	794
Credit Lyonnais		FFR	2,568			2,568			394	0	0	321	-	49	272	-	49	222	-	49	173
Credit Lyonnais		USD	1,240			1,240			1,240	0	0	1,151	-	177	974	-	177	797	-	177	620
US Eximbank		USD	3			3			3	0	0	2	-	0	2	-	0	2	-	1	1
GRAND TOTAL			#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	630,818	-	84,250	546,569	-	173,530	373,039	-	85,295	287,744
FX rate:
Original currency to US Dollar - BSP reference rate prevailing on December 28, 2001
25-June-2002
DMAD/GRF/IAJ/EAG/mvg*
Fn: My Doc/Table