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Borrowings The Company adheres to the time tested principle of financial prudence and is committed to managing its capital in the most efficient and responsible manner. Its debt program allows the Company to further reduce its cost of capital while ensuring that downside risks are managed. Debt levels are based on debt cap based on cash flows generated from the leasing business which, in a downside scenario, are more reliable and stable than development cash flows. The Company’s resiliency amid industry cycles and financial crises is a testament to this time tested principle of financial prudence. The Company recognizes and respects the rights of creditors as key stakeholders. It is committed to honoring its contractual financial obligations to creditors. The Company provides creditors ready access to balanced information about the organization and its projects. Creditors regularly participate in annual and quarterly analyst briefings conducted by the Company.
Short-Term Debt
as of March 31, 2012 (in Million Pesos) | | Borrower | Amount | | ALI | 2,441 | | Avida | 2,047 | | Vesta | 525 | | Alveo | 350 | | LAI | 250 | | SSECC | 135 | | LTI | 50 | | Chirica | 38 | | Total | 5,835 |
| | | Long-Term Debt
as of September 30, 2011
in Million Pesos / US$ | | | Current | Non-Current | Total | | Borrower | Peso* | US$ | Peso* | US$ | Peso* | US$ | | ALI * | - | | 17,509 | | 17,509 | | | Accendo | - | | 812 | | 812 | | | AiO | - | | 919 | | 919 | | | Avida | 5 | | 485 | | 490 | | | CIHC | 70 | | 158 | | 228 | | | CeOC | - | | 40 | | 40 | | | FGREC | 46 | | 170 | | 216 | | | GDC | 38 | | 394 | | 432 | | | Hillsford | - | | 35 | | 35 | | | NBCC | 10 | | 970 | | 980 | | | ODRPHI | 193 | | 704 | | 897 | | | SBTCI | - | | 340 | | 340 | | | SSECC | 48 | | 1,497 | | 1,545 | | | Sunnyfield | - | | 50 | | 50 | | | UPI | 270 | | 1,440 | | 1,710 | | | Total | 680 | | 25,523 | | 26,203 | | | * Including bonds and FXCNs |
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