PSE Circular for Brokers No. 922-99
PSE Circular for Brokers No. 922-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 29, 1999
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April 29, 1999 PSE CIRCULAR FOR BROKERS NO. 922-99 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace de Guia Listing Department Listing and Disclosure Group Ladies and Gentlemen: We refer to your fax letter requesting us to clarify the news article captioned "Piltel drops proposal for 3-year grace on interest payments", published in today's issue of the Business World. cdt We reiterate that while some progress has been made in the discussions between Pilipino Telephone Corporation ("Piltel") and its creditor banks, the parties have not formally agreed on the specific terms of the restructuring of Piltel's loans. With kindest regards Very truly yours, (SGD.) MA. LOURDES C. RAUSA-CHAN Corporate Secretary
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