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BONDS AND BONDS INTEREST PAYABLE
 6 Months Ended
Jun. 30, 2019
Bonds And Bonds Interest Payable  
BONDS AND BONDS INTEREST PAYABLE

NOTE 8. BONDS AND BONDS INTEREST PAYABLE

 

Following is the outstanding balance of SPC’s Bonds and interest payable as of June 30, 2019 and December 31, 2018 (dollars in thousands):

 

    June 30,
2019		     December 31,
2018		  
Bonds (Series A)   $ 100,760     $ 106,686  
Bonds (Series B)     38,442       36,740  
Bonds (Series B expansion)     20,184       19,290  
Total outstanding bonds   $ 159,386     $ 162,716  
Less: deferred bond issuance costs     (7,029 )     (8,179 )
Total outstanding bonds, net   $ 152,357     $ 154,537  
Accrued Interest     4,971       4,037  
Total oustanding bonds, net and accrued interest   $ 157,328     $ 158,574  

 

The aggregate maturity of the bonds are as follows:

 

Year   June 30,
2019		     December 31,
2018		  
             
2019   $ 11,024     $ 22,049  
2020     22,049       22,049  
2021     33,629       33,629  
2022     33,629       33,629  
2023     30,070       30,070  
Thereafter     28,985       21,290  
    $ 159,386     $ 162,716  

  

On January 31, 2019, the Company paid $10.4 million and $5.8 million on bond principal and interests, respectively. During the six months ended June 30, 2019, the Company recognized a loss on foreign currency exchange rate of $8.1 million.