MANILA (AFX-ASIA) – Creditors of Manila Electric Co have agreed to extend the maturity of 5.5 billion pesos worth of loans due today by six months, or up to next January, company president Jesus Francisco said. (US$1=54 pesos). However, the creditors, which include Bank of the Philippine Islands, Equitable PCI Bank, Banco de Oro Universal…
PHILIPPINES: Meralco creditors extend 5.5 billion peso loans by 6 months
Posted on August 1, 2003 by EnergyAsia