MANILA (AFX-ASIA) – Philippine National Oil Co said it has signed a US$175 million syndicated loan with 14 banks to refinance existing obligations, mostly earlier loans taken to invest in the US$4.5 billion Malampaya natural gas project. PNOC president Thelmo Cunanan named the participants as Standard Chartered, Citibank, KBC, Chinatrust Philippines, International Commercial Bank of…
PHILIPPINES: Philippine National Oil signs US$175 million, five-year loan with 14 banks
Posted on August 11, 2003 by EnergyAsia