MANILA (AFX-ASIA) – Manila Electric Co (Meralco) is in talks with creditors to extend payment for maturing loans of close to 5.3 billion pesos by another six months, the Philippine Daily Inquirer reported, citing company president Jesus Francisco. (US$1=55 peso). The short-term loans are falling due this month. The company was already granted a 6-month…
PHILIPPINES: Meralco to seek rollover for 5.3 billion pesos debt
Posted on January 14, 2004 by EnergyAsia