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                    [ArticleID] => 98037
                    [Title] => DOF to issue $1-B privatization bonds
                    [Summary] => The Department of Finance is hoping to raise $1 billion from a planned flotation of dollar-denominated privatization bonds convertible to shares of San Miguel Corp.


However, Finance Secretary Jose T. Pardo said the amount will not go to the National Government but to a special trust account for coconut farmers.


In a compromise agreement signed recently, the National Government and San Miguel agreed to sell the sequestered 27-percent equity in SMC and deposit the proceeds in a trust account for coconut farmers.


                    [DatePublished] => 2000-11-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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NATIONAL GOVERNMENT AND SAN MIGUEL

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                    [ArticleID] => 98037
                    [Title] => DOF to issue $1-B privatization bonds
                    [Summary] => The Department of Finance is hoping to raise $1 billion from a planned flotation of dollar-denominated privatization bonds convertible to shares of San Miguel Corp.


However, Finance Secretary Jose T. Pardo said the amount will not go to the National Government but to a special trust account for coconut farmers.


In a compromise agreement signed recently, the National Government and San Miguel agreed to sell the sequestered 27-percent equity in SMC and deposit the proceeds in a trust account for coconut farmers.


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abtest

DOF to issue $1-B privatization bonds

By Marianne V. Go | November 27, 2000 - 12:00am

The Department of Finance is hoping to raise $1 billion from a planned flotation of dollar-denominated privatization bonds convertible to shares of San Miguel Corp. However, Finance Secretary Jose T. Pardo said...

Business