MANILA (AFX-ASIA) – Manila Electric Co said it will ask long-term creditors led by Citibank NA to extend the maturity of 2.5 billion pesos worth of loans falling due in 2006 by another two years. (US$1=54 pesos). Earlier, Meralco’s short-term creditors agreed to extend the maturity of 5.5 billion pesos worth of loans due this…
PHILIPPINES: Meralco seeks 2-year extension for 2.5-billion peso loan payment
Posted on August 4, 2003 by EnergyAsia