MANILA (AFX-ASIA) – Pilipinas Shell Petroleum Corp has secured a 3 billion pesos, three-year syndicated term loan, lead arranger ING Bank NV said in a statement. (US$1=52 pesos). ING said the proceeds from the loan will be used to refinance Shell’s US$110 million debt which matures later this year. Banco de Oro Universal Bank and…
PHILIPPINES: Shell secures 3 billion-peso 3-year syndicated term loan
Posted on December 18, 2002 by EnergyAsia