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+ Follow INDIAN COMPANIES ACT Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 239309 [Title] => GIHL urged to put up P10.25B in new bonds to secure debt [Summary] => Creditor banks of the National Steel Corp. (NSC) want Global Infrastructure Holdings Ltd. (GIHL) to put up P10.25 billion in new bonds to secure the balance of its payment for the steel firm.
GIHL, which belongs to the Ispat Group of India, will also have to secure a standby letter of credit for another P1 billion as part of its total payments to the creditor banks.
Upon signing of the Memorandum of Agreement among the creditor banks and GIHL, a P1 billion cash up front was paid by the Indian steel giant.
[DatePublished] => 2004-02-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
INDIAN COMPANIES ACT
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 239309 [Title] => GIHL urged to put up P10.25B in new bonds to secure debt [Summary] => Creditor banks of the National Steel Corp. (NSC) want Global Infrastructure Holdings Ltd. (GIHL) to put up P10.25 billion in new bonds to secure the balance of its payment for the steel firm.
GIHL, which belongs to the Ispat Group of India, will also have to secure a standby letter of credit for another P1 billion as part of its total payments to the creditor banks.
Upon signing of the Memorandum of Agreement among the creditor banks and GIHL, a P1 billion cash up front was paid by the Indian steel giant.
[DatePublished] => 2004-02-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Marianne V. Go | February 17, 2004 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
1 day ago
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Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66