+ Follow LEHMAN BROTHERS AND DEUTSCHE BANK Tag
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 274366
[Title] => BSP okays $84-M loan to fund purchase of NHMFC NPLs
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved in principle an $84-million loan for a special purpose vehicle that would acquire non-performing housing loans from the National Home Mortgate and Finance Corp. (NHMFC).
The Monetary Board approved the loan that would come from the Asian Development Bank (ADB), the International Finance Corp. (IFC) and the real estate arm of Deutsche Bank which would pool the fund together for Balikatan Housing Corp., an SPV created for the purpose.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 248207
[Title] => NHMFC delays sale of P14-B bad housing loans till after elections
[Summary] => The National Home Mortgage Fund Corp. (NHMFC) has delayed the sale of its P14-billion worth of bad housing loans until after the May elections.
The NHMFC said yesterday that the public auction would be held on May 18 instead of the end of April because the prospective bidders had asked for more time to evaluate the changes in the terms of reference.
[DatePublished] => 2004-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 246257
[Title] => NHMFC prepares new bidding terms for P14-B bad housing loans
[Summary] => After the failure of the first bidding for some P14 billion of its bad housing loans, the National Housing and Mortgage Fund Corp. (NHMFC) is willing to reconsider its terms to make the offer more palatable to prospective buyers.
Sources said that NHMFC has agreed to rethink its intention to retain 25 percent of the asset management company that would take over the bad loans when they are awarded to the winning bidder.
[DatePublished] => 2004-04-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 240707
[Title] => NHMFC mulls second bidding for bad housing loans
[Summary] => The National Home Mortgage Finance Corp. (NHMFC) can enter into a negotiated sale for its bad loan portfolio although officials said a second bidding would likely be scheduled by next month.
[DatePublished] => 2004-02-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 240294
[Title] => Investors show no interest in government’s NPLs in housing sector
[Summary] => The bidding for some P14-billion worth of bad loans of the National Home Mortgage Finance Corp. (NHMFC) was declared a failure yesterday as investors expressed reservations on the structure of the asset management company (AMC) that would take over the portfolio.
The much-anticipated auction for the housing loan portfolio of the NHMFC would have been the first of its kind under the Special Purpose Vehicle Act (SPVA) and would have taken off a significant portion of the banking industry’s non-performing loans (NPL).
[DatePublished] => 2004-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 239665
[Title] => Gov’t to bid out P14-B housing loans
[Summary] => Government will finally bid out some P14-billion worth of non-performing housing loans on Tuesday next week, despite an order from Malacañang imposing a six-month deferment on the foreclosure of delinquent housing loans.
Sources from the Department of Finance said four companies have expressed interest in bidding for the portfolio – Goldman Sachs, Lone Star, Lehman Brothers and Deutsche Bank.
According to sources, the bids will be opened on Feb. 24 as scheduled and the portfolio will be awarded to the winning bidder shortly thereafter.
[DatePublished] => 2004-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
LEHMAN BROTHERS AND DEUTSCHE BANK
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 274366
[Title] => BSP okays $84-M loan to fund purchase of NHMFC NPLs
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved in principle an $84-million loan for a special purpose vehicle that would acquire non-performing housing loans from the National Home Mortgate and Finance Corp. (NHMFC).
The Monetary Board approved the loan that would come from the Asian Development Bank (ADB), the International Finance Corp. (IFC) and the real estate arm of Deutsche Bank which would pool the fund together for Balikatan Housing Corp., an SPV created for the purpose.
[DatePublished] => 2005-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 248207
[Title] => NHMFC delays sale of P14-B bad housing loans till after elections
[Summary] => The National Home Mortgage Fund Corp. (NHMFC) has delayed the sale of its P14-billion worth of bad housing loans until after the May elections.
The NHMFC said yesterday that the public auction would be held on May 18 instead of the end of April because the prospective bidders had asked for more time to evaluate the changes in the terms of reference.
[DatePublished] => 2004-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 246257
[Title] => NHMFC prepares new bidding terms for P14-B bad housing loans
[Summary] => After the failure of the first bidding for some P14 billion of its bad housing loans, the National Housing and Mortgage Fund Corp. (NHMFC) is willing to reconsider its terms to make the offer more palatable to prospective buyers.
Sources said that NHMFC has agreed to rethink its intention to retain 25 percent of the asset management company that would take over the bad loans when they are awarded to the winning bidder.
[DatePublished] => 2004-04-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 240707
[Title] => NHMFC mulls second bidding for bad housing loans
[Summary] => The National Home Mortgage Finance Corp. (NHMFC) can enter into a negotiated sale for its bad loan portfolio although officials said a second bidding would likely be scheduled by next month.
[DatePublished] => 2004-02-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 240294
[Title] => Investors show no interest in government’s NPLs in housing sector
[Summary] => The bidding for some P14-billion worth of bad loans of the National Home Mortgage Finance Corp. (NHMFC) was declared a failure yesterday as investors expressed reservations on the structure of the asset management company (AMC) that would take over the portfolio.
The much-anticipated auction for the housing loan portfolio of the NHMFC would have been the first of its kind under the Special Purpose Vehicle Act (SPVA) and would have taken off a significant portion of the banking industry’s non-performing loans (NPL).
[DatePublished] => 2004-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 239665
[Title] => Gov’t to bid out P14-B housing loans
[Summary] => Government will finally bid out some P14-billion worth of non-performing housing loans on Tuesday next week, despite an order from Malacañang imposing a six-month deferment on the foreclosure of delinquent housing loans.
Sources from the Department of Finance said four companies have expressed interest in bidding for the portfolio – Goldman Sachs, Lone Star, Lehman Brothers and Deutsche Bank.
According to sources, the bids will be opened on Feb. 24 as scheduled and the portfolio will be awarded to the winning bidder shortly thereafter.
[DatePublished] => 2004-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
