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                    [ArticleID] => 165802
                    [Title] => NSC rehab may finally push through
                    [Summary] => A debt restructuring of National Steel Corp.’s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSC’s majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.


"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSC’s debt," industry sources disclosed over the weekend.


                    [DatePublished] => 2002-06-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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IF DANAHARTA

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                    [ArticleID] => 165802
                    [Title] => NSC rehab may finally push through
                    [Summary] => A debt restructuring of National Steel Corp.’s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSC’s majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.


"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSC’s debt," industry sources disclosed over the weekend.


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abtest

NSC rehab may finally push through

By Marianne V. Go | June 24, 2002 - 12:00am

A debt restructuring of National Steel Corp.’s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSC’s majority owner,...

Business