PSE Circular for Brokers No. 488-99
PSE Circular for Brokers No. 488-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 16, 1999
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March 16, 1999 PSE CIRCULAR FOR BROKERS NO. 488-99 March 15, 1999 PHILIPPINE STOCK EXCHANGE, INC . Disclosure Department Listings and Disclosure Group 4F PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : We are pleased to inform you that Far East Bank and Trust Company (FEBTC) recently signed a US$45.0 Million credit facility with the international Finance Corporation, the investment arm of the World Bank. The agreement was signed at the Tokyo headquarters of Sakura Bank, Ltd. by Messrs. James D. Wolfensohn, President of World Bank, and O.V. Espiritu, President and CEO of FEBTC. LexLib The agreement Provides a 10-year credit line facility that FEBTC can use to fund its long-term project initiatives and represents the second (2nd) tranche of the US$120.0 Million total credit facility extended by IFC in favor of the Bank. The first (1st) tranche, amounting to US$75.0 Million, was released by IFC in 1997. We trust that you will find the foregoing in order. Very truly yours, (SGD.) ANGELITA L. ORTEGA-CORTEZ First Vice President and Corporate Secretary
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