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                    [Title] => Banks OK Steelcorp rehab plan
                    [Summary] => Major local banks and multilateral agencies reaffirmed their trust and confidence in the viability of market leader Steel Corp. of the Philippines (SCP) as an 11-member syndicate of local and foreign creditors approved the company’s financial rehabilitation and debts rescheduling program.


Officials of SCP and representatives of the creditors’ syndicate led by Equitable PCI Bank, successfully concluded on Aug. 28, SCP’s 12-year restructuring program, ending two years of intense negotiations.


                    [DatePublished] => 2003-09-01 00:00:00
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ARISTOTLE VILLARAZA

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                    [Title] => Banks OK Steelcorp rehab plan
                    [Summary] => Major local banks and multilateral agencies reaffirmed their trust and confidence in the viability of market leader Steel Corp. of the Philippines (SCP) as an 11-member syndicate of local and foreign creditors approved the company’s financial rehabilitation and debts rescheduling program.


Officials of SCP and representatives of the creditors’ syndicate led by Equitable PCI Bank, successfully concluded on Aug. 28, SCP’s 12-year restructuring program, ending two years of intense negotiations.


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Banks OK Steelcorp rehab plan

September 1, 2003 - 12:00am

Major local banks and multilateral agencies reaffirmed their trust and confidence in the viability of market leader Steel Corp. of the Philippines (SCP) as an 11-member syndicate of local and foreign creditors approved...

Business