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PNOC gets $175-M loan.
(From Philippine Daily Inquirer)
PHILIPPINE National Oil Co. yesterday secured a $175-million loan facility to refinance its 10-percent stake in the Malampaya deepwater-gas-power project.
PNOC records show that the five-year, government-guaranteed loan will be used to prepay an existing loan facility that will mature in March 2004.
Citibank NA/Citigroup Global Markets Asia Ltd. and Standard Chartered lead a 15-bank consortium extending ...
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