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                    [ArticleID] => 153567
                    [Title] => Ayalas may not sell MRT stake after all
                    [Summary] => Instead of selling its equity stake in Metro Rail Transport Corp., property developer Ayala Land Inc. (ALI) may just float an instrument which securitizes its share in the future rental income stream of the EDSA rail system operator.


ALI assistant corporate secretary Renato Marzan told the Philippine Stock Exchange that in the case of MRTC, ALI is considering, among other options, the possibility of selling or trading a financial instrument for its MRTC income share, "and not necessarily an outright sale of its indirect equity holdings in the company."


                    [DatePublished] => 2002-03-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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METRO RAIL TRANSPORT CORP

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                    [ArticleID] => 153567
                    [Title] => Ayalas may not sell MRT stake after all
                    [Summary] => Instead of selling its equity stake in Metro Rail Transport Corp., property developer Ayala Land Inc. (ALI) may just float an instrument which securitizes its share in the future rental income stream of the EDSA rail system operator.


ALI assistant corporate secretary Renato Marzan told the Philippine Stock Exchange that in the case of MRTC, ALI is considering, among other options, the possibility of selling or trading a financial instrument for its MRTC income share, "and not necessarily an outright sale of its indirect equity holdings in the company."


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Christina Mendez
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Ayalas may not sell MRT stake after all

By Christina Mendez | March 12, 2002 - 12:00am

Instead of selling its equity stake in Metro Rail Transport Corp., property developer Ayala Land Inc. (ALI) may just float an instrument which securitizes its share in the future rental income stream of the EDSA...

Business