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                    [ArticleID] => 134981
                    [Title] => Bidding for $6.5-B reinsurance of Napocor assets ‘fails’
                    [Summary] => The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said.


Finance Undersecretary Antonio Bernardo, chairman of the joint bidding committee, said they decided to declare the exercise a "failed auction" after the pre-qualified bidders submitted "letters of regrets".


                    [DatePublished] => 2001-09-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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ALEXANDER FORBES AND ARTHUR J

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                    [ArticleID] => 134981
                    [Title] => Bidding for $6.5-B reinsurance of Napocor assets ‘fails’
                    [Summary] => The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said.


Finance Undersecretary Antonio Bernardo, chairman of the joint bidding committee, said they decided to declare the exercise a "failed auction" after the pre-qualified bidders submitted "letters of regrets".


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Bidding for $6.5-B reinsurance of Napocor assets ‘fails’

By Donnabelle L. Gatdula | September 28, 2001 - 12:00am

The electronic bidding of the National Power Corp’s $6.5 billion reinsurance coverage did not push through yesterday, a top government official said. Finance Undersecretary Antonio Bernardo, chairman of the...

Business