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                    [Title] => First Holdings’ offshore unit pays off $70-M loan
                    [Summary] => First Philippine Holdings Corp. (FPHC), the energy holding unit of the Lopez group, announced yesterday that its offshore subsidiary FGHC International Ltd. has completed the payment of its $70 million loan facility.


In a disclosure statement filed at the Philippine Stock Exchange, FPHC chief information officer Ernesto Rufino Jr. said FPHC paid the balance of $45.07 million consisting of principal and interest.  The loan was secured to finance the construction of a 500-megawatt (MW) power plant in San Lorenzo, Batangas.


                    [DatePublished] => 2003-07-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ERNESTO RUFINO JR.

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                    [ArticleID] => 213843
                    [Title] => First Holdings’ offshore unit pays off $70-M loan
                    [Summary] => First Philippine Holdings Corp. (FPHC), the energy holding unit of the Lopez group, announced yesterday that its offshore subsidiary FGHC International Ltd. has completed the payment of its $70 million loan facility.


In a disclosure statement filed at the Philippine Stock Exchange, FPHC chief information officer Ernesto Rufino Jr. said FPHC paid the balance of $45.07 million consisting of principal and interest.  The loan was secured to finance the construction of a 500-megawatt (MW) power plant in San Lorenzo, Batangas.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

First Holdings’ offshore unit pays off $70-M loan

By Zinnia B. Dela Peña | July 16, 2003 - 12:00am

First Philippine Holdings Corp. (FPHC), the energy holding unit of the Lopez group, announced yesterday that its offshore subsidiary FGHC International Ltd. has completed the payment of its $70 million loan facility. In...

Business