b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)5.3 FINANCIAL INSTRUMENTSInterest-bearing loans and borrowingsBond(X US$ 1,000) Maturity 2019 2018LocalBond May-20 99,086 98,862Current portion of the Bond 99,086 -Non-current portion of the Bond - 98,862Term loans(X US$ 1,000) Maturity 2019 2018Corporate term loan May-25 590,904 614,214Current portion of the loan 98,311 25,000Non-current portion of the loan 492,593 589,214Local bond itsliabilitywiththeGovernmentofSurinameofUS$63,000,effectivelyextinguishingtheOnMay14,2015,Staatsolieissuedasecondfive GovernmentofSurinamesbeneficialownershipyear7.75%unsecuredcouponbondandraised of4.8%shareoftheSurinameGoldProjectC.V.US$99,142.Theapplicableannualinterestrate Staatsoliealsopaidoffitsloanoutstandingwithis7.75%.AcouponwassoldforUS$100each. theGoSandrepaidtheloanofSPCS.ThematuritydateofthisbondisMay14,2020.InterestwillbepaidsemiannuallyonMay14and Anewamortizationscheduleisagreed,andNovember14eachyear. thelastrepaymentisdueinMay2025.TheoutstandingamountasofDecember31,2019AsatDecember31,2019,unamortizeddebt amountedtoUS$600,000(2018:US$625,000).arrangementfeesamountedtoUS$56(2018: TheapplicableannualinterestrateisbasedonaUS$280).Theamortizationofdebtarrangement floating3-monthLIBORrateplusafixedmargin.feesfor2019amountedUS$224(2018:US$193)andispresentedunderfinancecostinthe Withregardtothetermloan,thefinancialconsolidatedstatementofprofitorloss. institutionsrequiredsecurityforStaatsoliespaymentobligations.ThesecuritymainlyTerm loansconsistsoftheoffshorereceivables.StaatsolieCorporate term loan alsohastocomplywithseveralaffirmativeandnegativecovenants.AsatDecember31,2019ThetotalloanamountconsistedofUS$625,000 Staatsolieisincompliancewiththecovenants.termloan,anuncommittedrevolvingloanofAsatDecember31,2019,unamortizeddebtUS$35,000andtheoptionforanaccordion arrangementfeesamountedtoUS$9,096ofUS$50,000givencertainconditions. (2018:US$10,786).TheamortizationofdebtRepaymentofthetermloanwasplannedfor arrangementfeesfor2019amountedUS$1,68923quarterlyinstallments,tocommenceinthe (2018:US$2,229)andispresentedunderfourthquarterof2019.Withthecompletionof financecostintheconsolidatedstatementoftherefinancinginMay2018,Staatsoliesettled profitorloss.120 STAATSOLIE 2019 ANNUAL REPORT'