+ Follow EURONOTES Tag
EURONOTES
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 186523
[Title] => Benpres proposes interim payments for obligations
[Summary] => Benpres Holdings Corp. intends to make semi-annual payments of about $6.9 million for its various peso and dollar-denominated obligations even as it remains in discussions with its creditors for the approval of its balance sheet management plan (BSMP).
"Although Benpres has not reached an agreement with its creditors on the BSMP, it is commencing interim payments as earlier announced. These interim payments are being made as a good faith gesture by Benpres," corporate secretary Enrique Quiason told the Philippine Stock Exchange.
[DatePublished] => 2002-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 178361
[Title] => Benpres defaults anew on interest payment on LTCPs
[Summary] => Benpres Holdings Corp. (BHC) said yesterday it failed anew to pay on schedule the interest payment for its long-term commercial papers (LTCPs).
The Lopez-owned holding company, the parent firm of ABS-CBN Broadcasting Corp., First Philippine Holdings, Meralco and BayanTel, among others, said it defaulted on the interest payment for its LTCPs yesterday, the fourth time it did so this year.
Since it announced a Balance Sheet Management Plan to address its heavy debt exposure, BHC has failed to make interest payments for the LTCPs last June 17, July 1 and Sept. 17.
[DatePublished] => 2002-10-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 176580
[Title] => Benpres defaults anew on interest payment
[Summary] => The Lopez-owned Benpres Holdings Corp. again defaulted on the interest payment for its long term debts, the fourth time the company has failed to do so this year.
In a letter to the Philippine Stock Exchange, BHC corporate information officer Alexis Paul Dimarucot said the holding firm was not able to make its interest payment last Sept. 17 on the remaining long-term commercial papers (LTCPs) maturing in 2003.
[DatePublished] => 2002-09-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 167396
[Title] => BSP looks into banks’ exposure in Benpres
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is looking into the total exposure of the banking sector in the Lopez-owned Benpres Holdings Inc. to determine how large a hit banks would take should the troubled company’s financial condition deteriorate further.
Sources revealed that the central bank was concerned enough to want to find out the magnitude of the crisis that could land on its lap, especially after Benpres defaulted for the second time on the interest payment on its long term commercial papers (LTCPs).
[DatePublished] => 2002-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 166850
[Title] => Benpres Holdings defaults anew
[Summary] => Debt-saddled Benpres Holdings Corp. (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.
The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.
In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1
[DatePublished] => 2002-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 166956
[Title] => Benpres Holdings defaults anew
[Summary] => Debt-saddled Benpres Holdings Corp. (BHC) said yesterday it would not be able to pay interest charges amounting to P19.61 million on its long term commercial papers (LTCPs) which fell due yesterday.
The company had earlier defaulted on its LTCP interest payments last June 17 and on its 7.875-percent Euronotes due last June 19.
In a disclosure to the Philippine Stock Exchange, the Lopez-owned holding firm said that "In lieu of such interest payments Benpres Holdings …From B-1
[DatePublished] => 2002-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 165306
[Title] => Benpres defaults on bond payments
[Summary] => Lopez-owned holding firm Benpres Holdings Corp. said yesterday it would renegotiate the terms of interest payments and principal repayments of its long term commercial papers (LTCPs) and Euronote issues following its failure to pay these charges on time.
Benpres corporate secretary Enrique Quiason told the Philippine Stock Exchange that the company was not able to make its interest payments on the LTCPs due last June 17 and will also default on the interest payments of its 7.875-percent Euronotes due yesterday.
[DatePublished] => 2002-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 100402
[Title] => BSP won't let forex situation go out of hand - Buenaventura
[Summary] =>
Bangko Sentral ng Pilipinas Gov. Rafael B. Buenaventura said over the weekend
that the BSP would not let the foreign exchange situation get out of hand, even
as the BSP continues to refrain from actively intervening in the forex
market.
In a press conference, Buenaventura traced the weakness of the peso to the
demand by some entities with maturing peso Euronotes.
According to Buenaventura, those holding on to such instruments are now in need
of dollars to meet their obligation.
He said the corporate demand is not that big.
[DatePublished] => 2000-04-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 3, 2002 - 12:00am
