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                    [ArticleID] => 246782
                    [Title] => SEC okays Meralco plan to convert $600-M unsecured loans to bonds
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the plan of power distributor Manila Electric Co. Inc. to convert its unsecured loans into bonded indebtedness in the amount of $600 million.


The $600 million that it seeks to be converted into bonded indebtedness will be used to fund its capital projects for 2004-2006, refinance all its existing long-term unsecured loans, and convert existing unsecured short-term debts to long-term secured debts.


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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BARINGS AND CITIBANK

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                    [ArticleID] => 246782
                    [Title] => SEC okays Meralco plan to convert $600-M unsecured loans to bonds
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the plan of power distributor Manila Electric Co. Inc. to convert its unsecured loans into bonded indebtedness in the amount of $600 million.


The $600 million that it seeks to be converted into bonded indebtedness will be used to fund its capital projects for 2004-2006, refinance all its existing long-term unsecured loans, and convert existing unsecured short-term debts to long-term secured debts.


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SEC okays Meralco plan to convert $600-M unsecured loans to bonds

By Zinnia B. Dela Peña | April 19, 2004 - 12:00am

The Securities and Exchange Commission (SEC) has approved the plan of power distributor Manila Electric Co. Inc. to convert its unsecured loans into bonded indebtedness in the amount of $600 million. The $600 million...

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