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                    [Title] => Incentives OK’d for debt-equity swap between NSC, creditors
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act. 


The Monetary Board approved the incentives covering the disposition of some P13.792 billion worth of obligations that would be transferred to a special purpose vehicle. 


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


                    [DatePublished] => 2003-12-11 00:00:00
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                    [AuthorName] =>  Des  Ferriols
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GROUP HOLDINGS N

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                    [ArticleID] => 246809
                    [Title] => Incentives OK’d for debt-equity swap between NSC, creditors
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act. 


The Monetary Board approved the incentives covering the disposition of some P13.792 billion worth of obligations that would be transferred to a special purpose vehicle. 


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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Incentives OK’d for debt-equity swap between NSC, creditors

By Des Ferriols | April 19, 2004 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act....

Business

Indian firm ups offer for Nat’l Steel to P12.25-B

By Des Ferriols | December 11, 2003 - 12:00am

Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company....

Business