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                    [ArticleID] => 95456
                    [Title] => RFM eyes sale of more assets to redeem maturing bonds
                    [Summary] => Food and beverage conglomerate RFM Corporation will be selling off more of its non-core assets as part of a fund-raising program to pay off $65-million in maturing bonds.


RFM chief financial officer Meldin Al Roy said that while they expect to realize $36 million in net proceeds from the sale of its two subsidiaries – Consumer Savings Bank and the Nasdaq-listed PSi Technologies Holdings – the amount is not enough to cover the redemption payments for the convertible bonds.


                    [DatePublished] => 2001-06-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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INDOFOOD PHILIPPINES

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                    [ArticleID] => 95456
                    [Title] => RFM eyes sale of more assets to redeem maturing bonds
                    [Summary] => Food and beverage conglomerate RFM Corporation will be selling off more of its non-core assets as part of a fund-raising program to pay off $65-million in maturing bonds.


RFM chief financial officer Meldin Al Roy said that while they expect to realize $36 million in net proceeds from the sale of its two subsidiaries – Consumer Savings Bank and the Nasdaq-listed PSi Technologies Holdings – the amount is not enough to cover the redemption payments for the convertible bonds.


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RFM eyes sale of more assets to redeem maturing bonds

By Christina Mendez | June 12, 2001 - 12:00am

Food and beverage conglomerate RFM Corporation will be selling off more of its non-core assets as part of a fund-raising program to pay off $65-million in maturing bonds. RFM chief financial officer Meldin Al Roy...

Business