By LEE C. CHIPONGIAN
MANILA, Philippines — First Philippine Holdings Corp.’s Energy Development Corp. (EDC) has sought the central bank’s approval on a proposed 15-year $150 million syndicated loan from three foreign financial institutions to partly finance a $200-million rehabilitation project for three power plants.
A source from the Bangko Sentral ng Pilipinas (BSP) said the Lopez-controlled EDC is requesting approval for a syndicated loan in the peso equivalent of $150 million from the World Bank’s International Finance Corp. (IFC),
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