MANILA (AFX-ASIA) – The Energy Regulatory Commission (ERC) has provisionally approved Manila Electric Co’s (Meralco) plan to issue bonds worth up to US$600 million to secure payments on unsecured loans, the Philippine Daily Inquirer newspaper said, quoting ERC documents. The ERC said it found it reasonable to allow Meralco “to have the flexibility to incur…
PHILIPPINES: ERC approves Meralco’s plan to float US$600-million
Posted on February 12, 2004 by EnergyAsia