Bankers dismissive over Napocor’s plans for $1.5bn bond

05 Dec 2003

Philippine power utility National Power Corp (Napocor) will try yet again to issue an international bond early next year, with a $1.5bn transaction to shore up its balance sheet.

The Ba1/BB rated state owned company issued requests for proposals (RFPs) to several international banks last Friday, inviting bids for $1.5bn of five year, ...

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