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                    [ArticleID] => 148404
                    [Title] => Ayala group seeks $150-M club loan
                    [Summary] => The Ayala Group has reached an agreement with Standard Chartered Bank for a $150-million syndicated loan to pay its maturing  obligations next year.


In a letter to the Philippine Stock Exchange (PSE), publicly-listed Ayala Corp. confirmed earlier reports that the company’s offshore arm, AC International Finance Ltd., has mandated the UK-based SCB to arrange the syndicated loan. 


Ayala  Corp. would guarantee the loan for AC International and the proceeds would be used to pre-fund next year’s maturing obligation.


                    [DatePublished] => 2002-01-26 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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LONDON INTER-BANK OFFER RATE

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                    [ArticleID] => 148404
                    [Title] => Ayala group seeks $150-M club loan
                    [Summary] => The Ayala Group has reached an agreement with Standard Chartered Bank for a $150-million syndicated loan to pay its maturing  obligations next year.


In a letter to the Philippine Stock Exchange (PSE), publicly-listed Ayala Corp. confirmed earlier reports that the company’s offshore arm, AC International Finance Ltd., has mandated the UK-based SCB to arrange the syndicated loan. 


Ayala  Corp. would guarantee the loan for AC International and the proceeds would be used to pre-fund next year’s maturing obligation.


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abtest

Ayala group seeks $150-M club loan

January 26, 2002 - 12:00am

The Ayala Group has reached an agreement with Standard Chartered Bank for a $150-million syndicated loan to pay its maturing obligations next year. In a letter to the Philippine Stock Exchange (PSE), publicly-listed...

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