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Article: MPIC to issue P12-B 9-yr bonds to fund FPHC loan.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Metro Pacific Investments Corporation (MPIC) is borrowing P12 billion to fund the soft loan it is extending to First Philippine Holdings Corporation as part of the P22.4 billion deal to purchase an additional 6.7 percent in Manila Electric Company in five months.MPIC said it will also be paying FPHC a yet undetermined amount for the call option which will allow MPIC to buy more time to raise funds by securing the purchase of the Meralco stake in escrow until March 31, 2010.In a disclosure to the Philippine Stock Exchange (PSE), MPIC said its board has authorized the issuance by of up to P12 Billion 9-Year Fixed Rate Corporate Notes, in one or more tranches, to primary ...
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Article: MPIC ups windfall on share sale
The Manila Times;
October 9, 2009 ;
572 words
...METRO Pacific Investment Corp. (MPIC) announced Thursday that it has raised ... First Pacific Co. Ltd. In a statement, MPIC said its sole global coordinator and stabilization ... offering, thus raising P1.86 billion. MPIC had entered into a placement agreement ...
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