Assignment of 20% of
Guarantee/Collateral provided, if any National Tax Allotment
Current Outstanding Loan Balance P 66,591,938.90
Arrears, if any: Principal None
Interest None
Deposit to Bond Sinking Fund for the year: None
Name of Loan: Term Loan
Type of Loan: Note
Kind of Indebtedness: Domestic
Purpose of Loan: Installation of Solar Streetlights to 25 LGUs in Negros Oriental
Authority for Loan: SP Res #103dtd 02/05/2024
Bank/Lending Institution: Land Bank of the Philippines
Date Loan was Granted:
Amount: P750,000,000.00 October17, 2024
Maturity Date: July 29,2033
Payment Terms: 9 yrs. on principal amortization- payable quarterly with grace period of 9
quarters from initial release on principal
Amount of Interest:
Interest Rate: 4.50% p.a. P 71,150.41
Other Charges: Documentary stamp P 332,947.50
Projects Funded or to be funded out of the loan and amount/s involved:
Construction of New Negros Oriental Government Center – Second Release
Source of Funding to be used in paying the loan: General Fund
Assignment of 20% of
Guarantee/Collateral provided, if any National Tax Allotment
Current Outstanding Loan Balance P 44,392,991.37
Arrears, if any: Principal None
Interest None
Deposit to Bond Sinking Fund for the year: None
Name of Loan: Term Loan
Type of Loan: Note
Kind of Indebtedness: Domestic
Purpose of Loan: Installation of Solar Streetlights to 25 LGUs in Negros Oriental
Authority for Loan: SP Res #103dtd 02/05/2024
Bank/Lending Institution: Land Bank of the Philippines
Date Loan was Granted:
Amount: P750,000,000.00 November28, 2024
Maturity Date: July 29,2033
Payment Terms: 9 yrs. on principal amortization- payable quarterly with grace period of 9
quarters from initial release on principal
Amount of Interest:
Interest Rate: 4.50% p.a. P0
Other Charges: Documentary stamp P 1,563,663.00
Projects Funded or to be funded out of the loan and amount/s involved:
Construction of New Negros Oriental Government Center – Third Release
Source of Funding to be used in paying the loan: General Fund
Assignment of 20% of
Guarantee/Collateral provided, if any National Tax Allotment
Current Outstanding Loan Balance P 208,488,262.03
Arrears, if any: Principal None
Interest None
Deposit to Bond Sinking Fund for the year: None
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