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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 165802 [Title] => NSC rehab may finally push through [Summary] => A debt restructuring of National Steel Corp.s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSCs majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.
"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSCs debt," industry sources disclosed over the weekend.
[DatePublished] => 2002-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
IF DANAHARTA
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 165802 [Title] => NSC rehab may finally push through [Summary] => A debt restructuring of National Steel Corp.s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSCs majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.
"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSCs debt," industry sources disclosed over the weekend.
[DatePublished] => 2002-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Marianne V. Go | June 24, 2002 - 12:00am
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