PSALM secures P75-B syndicated loan
MANILA, Philippines — The Power Sector Assets and Liabilities Management (PSALM) Corporation has secured a P75-billion syndicated term loan facility (STLF) as part of its liability management program. The loan will augment PSALM’s present working capital requirements and to partially refinance its existing financial obligations as prescribed in the Electric Power Industry Reform Act (EPIRA).
Source: Manila Bulletin
