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                    [ArticleID] => 391471
                    [Title] => MPIC subscribes to P600M worth of Makati Med convertible notes
                    [Summary] => 



Metro Pacific Investment Corp. (MPIC), the newly-incorporated debt-free investment holding company of First Pacific Co. Ltd., is subscribing to P600 million worth of convertible notes to be issued  by the Makati Medical Center.   


MPIC president Jose Ma. Lim said the investment will be made in April and is equivalent to a 33-percent stake in Makati Med.


Makati Med is issuing a total of P700 million worth of convertible notes.  Taking the balance of the notes are the hospital’s existing shareholders which are exercising their pre-emptive rights.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 378521
                    [Title] => Makati Med finalizing terms of planned P500-M notes issue
                    [Summary] => 



Makati Medical Center is close to finalizing the terms of its proposed convertible notes issuance amounting to at least P500 million.          


ATR Kim Eng Capital Partners Inc. managing director Marcelito Ordonez, who also serves as Makati Med’s financial adviser, said the hospital is in talks with existing shareholders and at least two or three institutional investors for possible infusion of fresh capital into the cash-strapped medical institution.          


                    [DatePublished] => 2007-01-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 298932
                    [Title] => Makati Med, creditors remain deadlocked over P1.2-B debt
                    [Summary] => Makati Medical Center and its creditors have reached a stalemate on the proposed restructuring of the premiere medical institution’s P1.2-billion debts.


The STAR sources revealed that as a precondition to the debt restructuring, the bank creditors want fresh capital infusion amounting to P300 million, specifically from the the group of Manuel V. Pangilinan, MMC chairman and also the chairman of the country’s most profitable firms, Philippine Long Distance Telephone Co. (PLDT) and its wholly owned wireless subsidiary Smart Communications.


                    [DatePublished] => 2005-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 270539
                    [Title] => Citibank acquires Insular Savings to expand into low consumer mart
                    [Summary] => Citibank NA, a unit of the US financial giant Citigroup, has expanded into the lower segment of the Philippine banking sector with the acquisition of Insular Savings Bank, a total official said. 


Citibank Asia Pacific chief executive officer for global consumer  Ashok Vaswani said the acquisition will allow the bank a more aggressive two-fold growth rate in its Philippine operations.


"The acquisition not only expands our franchise in the Philippines, but it actually supports the real regional growth of Citibank," Vaswani said.


                    [DatePublished] => 2005-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 269386
                    [Title] => Citibank to pay at least P1B for Insular Savings
                    [Summary] => Citibank NA’s acquisition of Insular Savings Bank is expected to cost at  least P1 billion and the transaction is expected to be concluded in the  next few weeks.


The Bangko Sentral ng Pilipinas (BSP) approved the acquisition two weeks  ago where Citibank would buy Insular Savings Bank (ISB) from Insular Life, the  country’s oldest and biggest insurance group.


According to banking sources, Citibank indicated plans of absorbing  ISB’s employees that they have qualified although discussions on the  specific terms of the acquisition are still on-going.


                    [DatePublished] => 2005-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

INSULAR SAVINGS

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(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 391471
                    [Title] => MPIC subscribes to P600M worth of Makati Med convertible notes
                    [Summary] => 



Metro Pacific Investment Corp. (MPIC), the newly-incorporated debt-free investment holding company of First Pacific Co. Ltd., is subscribing to P600 million worth of convertible notes to be issued  by the Makati Medical Center.   


MPIC president Jose Ma. Lim said the investment will be made in April and is equivalent to a 33-percent stake in Makati Med.


Makati Med is issuing a total of P700 million worth of convertible notes.  Taking the balance of the notes are the hospital’s existing shareholders which are exercising their pre-emptive rights.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 378521
                    [Title] => Makati Med finalizing terms of planned P500-M notes issue
                    [Summary] => 



Makati Medical Center is close to finalizing the terms of its proposed convertible notes issuance amounting to at least P500 million.          


ATR Kim Eng Capital Partners Inc. managing director Marcelito Ordonez, who also serves as Makati Med’s financial adviser, said the hospital is in talks with existing shareholders and at least two or three institutional investors for possible infusion of fresh capital into the cash-strapped medical institution.          


                    [DatePublished] => 2007-01-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 298932
                    [Title] => Makati Med, creditors remain deadlocked over P1.2-B debt
                    [Summary] => Makati Medical Center and its creditors have reached a stalemate on the proposed restructuring of the premiere medical institution’s P1.2-billion debts.


The STAR sources revealed that as a precondition to the debt restructuring, the bank creditors want fresh capital infusion amounting to P300 million, specifically from the the group of Manuel V. Pangilinan, MMC chairman and also the chairman of the country’s most profitable firms, Philippine Long Distance Telephone Co. (PLDT) and its wholly owned wireless subsidiary Smart Communications.


                    [DatePublished] => 2005-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 270539
                    [Title] => Citibank acquires Insular Savings to expand into low consumer mart
                    [Summary] => Citibank NA, a unit of the US financial giant Citigroup, has expanded into the lower segment of the Philippine banking sector with the acquisition of Insular Savings Bank, a total official said. 


Citibank Asia Pacific chief executive officer for global consumer  Ashok Vaswani said the acquisition will allow the bank a more aggressive two-fold growth rate in its Philippine operations.


"The acquisition not only expands our franchise in the Philippines, but it actually supports the real regional growth of Citibank," Vaswani said.


                    [DatePublished] => 2005-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 269386
                    [Title] => Citibank to pay at least P1B for Insular Savings
                    [Summary] => Citibank NA’s acquisition of Insular Savings Bank is expected to cost at  least P1 billion and the transaction is expected to be concluded in the  next few weeks.


The Bangko Sentral ng Pilipinas (BSP) approved the acquisition two weeks  ago where Citibank would buy Insular Savings Bank (ISB) from Insular Life, the  country’s oldest and biggest insurance group.


According to banking sources, Citibank indicated plans of absorbing  ISB’s employees that they have qualified although discussions on the  specific terms of the acquisition are still on-going.


                    [DatePublished] => 2005-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

MPIC subscribes to P600M worth of Makati Med convertible notes

By Zinnia B. Dela Peña | March 26, 2007 - 12:00am

Metro Pacific Investment Corp. (MPIC), the newly-incorporated debt-free investment holding company of First Pacific Co. Ltd., is subscribing to P600 million worth of convertible notes to be issued by the...

Business

Makati Med finalizing terms of planned P500-M notes issue

By Zinnia B. Dela Peña | January 6, 2007 - 12:00am

Makati Medical Center is close to finalizing the terms of its proposed convertible notes issuance amounting to at least P500 million. ATR Kim Eng Capital Partners Inc. managing director Marcelito...

Business

Makati Med, creditors remain deadlocked over P1.2-B debt

September 28, 2005 - 12:00am

Makati Medical Center and its creditors have reached a stalemate on the proposed restructuring of the premiere medical institution’s P1.2-billion debts. The STAR sources revealed that as a precondition to the...

Business

Citibank acquires Insular Savings to expand into low consumer mart

By Ted P. Torres | March 16, 2005 - 12:00am

Citibank NA, a unit of the US financial giant Citigroup, has expanded into the lower segment of the Philippine banking sector with the acquisition of Insular Savings Bank, a total official said. Citibank Asia Pacific...

Business

Citibank to pay at least P1B for Insular Savings

By Des Ferriols | March 7, 2005 - 12:00am

Citibank NA’s acquisition of Insular Savings Bank is expected to cost at least P1 billion and the transaction is expected to be concluded in the next few weeks. The Bangko Sentral ng Pilipinas (BSP) approved...

Business