b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)PetroleumPV10meanstheNetPresentValue themostrecentpetroleumreservereport.Theof the future net revenues with respect to thecalculatedratiofor2018was1.32;theminimumhydrocarbonIPreservesonly,asevidencedin permittedis1.00.5.3 FINANCIAL INSTRUMENTSInterest-bearing loans and borrowingsBond(X US$ 1,000) Maturity 2018 2017Local Bond May-20 98,862 98,668Term loans(X US$ 1,000) Maturity 2018 2017Loan facility DSB Jan-18 - 9,657Corporate term loan May-25 614,214 259,844Loan SPCS Nov-21 - 78,288Loan Government of Suriname Oct-26 - 258,412Balance as at December 31614,214 606,201 Current portion of the loans 25,000 105,361Non current portion of the loans 589,214 500,840Local Bond December30,2017.ThiswasextendedwithonemonthtoJanuary30,2018.ThisloanwasfullyOnMay14,2015,Staatsolieissuedasecondfive paidoffinJanuary2018.year 7.75% unsecured coupon bond and raised US$99,142.Theapplicableannualinterestrate Corporate term loanis7.75%.AcouponwassoldforUS$100each.ThematuritydateofthisbondisMay14,2020. ThetotalloanamountconsistedofUS$625,000InterestwillbepaidsemiannuallyonMay14and termloan,anuncommittedrevolvingloanofNovember 14 each year. US$35,000andtheoptionforanaccordionof US$50,000givencertainconditions.RepaymentAsatDecember31,2018,unamortizeddebt ofthetermloanwasplannedfor23quarterlyarrangementfeesamountedtoUS$280(2017: installments,tocommenceinthefourthquarterUS$474).Theamortizationofdebtarrangement of2019.feesfor2018amountedUS$193(2017:US$193)andispresentedunderfinancecostinthe WiththecompletionoftherefinancinginMayconsolidatedstatementofprofitorloss. 2018,StaatsoliesettleditsliabilitywiththeGovernmentofSurinameofUS$63,087,Term loans effectively extinguishing the Government of Surinamesbeneficialownershipof4.8%share Loan facility DSB oftheSurinameGoldProjectCV.ThisregardsabulletloanofUS$9,657obtained Staatsolie also paid off its loan outstanding with inJune2016fromDeSurinaamscheBankN.V. the Government and repaid the loan of SPCS. Theinitialmaturitydateoftheloanwas 108 STAATSOLIE 2018 ANNUAL REPORT'