L INDSUTRIES

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                    [ArticleID] => 95877
                    [Title] => PNOC eyes bonds to fund naphtha plant
                    [Summary] => State-owned Philippine National Oil Co. will pursue plans to float bonds or borrow from international financial institutions to fund the PNOC-Petrochemical Development Corp.’s 34-percent equity in the proposed $600-million naphtha cracker plant, PNOC chairman Sergio Apostol said yesterday.


"We are thinking of a bond flotation for the naphtha cracker, or we might borrow," Apostol said.


Apostol would not give any details, saying they are still holding talks with various groups. "It is very preliminary," he said.


                    [DatePublished] => 2001-04-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

PNOC eyes bonds to fund naphtha plant

April 24, 2001 - 12:00am

State-owned Philippine National Oil Co. will pursue plans to float bonds or borrow from international financial institutions to fund the PNOC-Petrochemical Development Corp.’s 34-percent equity in the proposed...

Business