PH external...

cipal repayments of $246 million.

In terms of debt profile, as of endJune the maturity profile is still predominantly medium- to long-term or 83.2 percent of total. These are loans with maturities longer than one year.

Short-term loans or those with maturities of up to one year such as bank liabilities and trade credits, accounted for 16.8 percent.

The weighted average maturity of medium to long-term accounts stood at 17.1 years, with public sector borrowings having a longer average term of 22.6 years compared to 7.9 years for the private sector, said the BSP. “This means that FX requirements for debt payments are well spread out and, thus, more manageable,” it added.

About 33.1 percent or $23.9 billion of external debt are loans from official sources such as multilateral and bilateral creditors.

Around 30.7 percent are foreign holders of bonds and notes, 29.3 percent are obligations to foreign banks and other financial institutions.

The rest or seven percent were owed to other creditor types such as suppliers/exporters.

“The creditor mix continues to be well diversified, demonstrating the country's ability to tap varied sources of financing (both official and commercial sources), which gives the country sufficient flexibility to choose from a broad range of fund sources,” said the BSP. (LCC)