Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

March 5, 2009

Philippine power agency to hold roadshow next week
Philippine state agency PSALM, which oversees the assets and debts of National Power Corp (Napocor), will launch a non-deal roadshow covering London and Asia next week, Reuters quoted National Treasurer Roberto Tan as saying Tuesday.

PSALM is looking to issue as much as $1 billion worth of global bonds for Napocor, the country's largest power producer, after the company recorded losses last year. Tan, who will be joining the roadshow, said he was not aware of the timing of the bond offer.

The Philippines finance department has yet to approve a plan to raise up to $1 billion in global bonds for state-run Napocor, a government official said.



The timing of the offer for Napocor, the Philippines' largest power producer, would depend on market opportunities, Jeremias Paul, a finance undersecretary, said in a mobile phone text message, adding that no mandate had been given so far.

 

 

 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com