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                    [ArticleID] => 261954
                    [Title] => RCBC sells P3.9-B bad assets to Lehman Bros
                    [Summary] => Rizal Commercial Banking Corp. (RCBC) has finalized agreements for the sale of P3.9-billion worth of its bad assets to global investment firm Lehman Bros., industry sources said.


The two entities are reportedly in the process of filing their application for a special purpose vehicle (SPV) with the Securities and Exchange Commission (SEC). An SPV can avail of several incentives if the SEC recognizes it within the September deadline mandated by the Special Purpose Vehicle Act.


However, the same sources declined to reveal the mode of payment for the sale.


                    [DatePublished] => 2004-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 260345
                    [Title] => Local, foreign investors eye PBCom’s P12.5-B bad assets
                    [Summary] => Fourteen local and foreign investors led by Bank of America (BA), Deutsche Bank, Ayala Corp. and Robinsons Land Corp. have signified interest in acquiring the P12.5 billion worth of bad assets held by the Philippine Bank of Communications (PBCom).


As a result, bank officials have declared Aug. 24 as the public bidding date for the sale of the P12.5-billion bad assets, which should be able to result in the subsequent formation of a special purpose vehicle (SPV). 


                    [DatePublished] => 2004-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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MARATHON FUND

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    [results] => Array
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                    [ArticleID] => 261954
                    [Title] => RCBC sells P3.9-B bad assets to Lehman Bros
                    [Summary] => Rizal Commercial Banking Corp. (RCBC) has finalized agreements for the sale of P3.9-billion worth of its bad assets to global investment firm Lehman Bros., industry sources said.


The two entities are reportedly in the process of filing their application for a special purpose vehicle (SPV) with the Securities and Exchange Commission (SEC). An SPV can avail of several incentives if the SEC recognizes it within the September deadline mandated by the Special Purpose Vehicle Act.


However, the same sources declined to reveal the mode of payment for the sale.


                    [DatePublished] => 2004-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 260345
                    [Title] => Local, foreign investors eye PBCom’s P12.5-B bad assets
                    [Summary] => Fourteen local and foreign investors led by Bank of America (BA), Deutsche Bank, Ayala Corp. and Robinsons Land Corp. have signified interest in acquiring the P12.5 billion worth of bad assets held by the Philippine Bank of Communications (PBCom).


As a result, bank officials have declared Aug. 24 as the public bidding date for the sale of the P12.5-billion bad assets, which should be able to result in the subsequent formation of a special purpose vehicle (SPV). 


                    [DatePublished] => 2004-08-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

RCBC sells P3.9-B bad assets to Lehman Bros

By Ted P. Torres | August 20, 2004 - 12:00am

Rizal Commercial Banking Corp. (RCBC) has finalized agreements for the sale of P3.9-billion worth of its bad assets to global investment firm Lehman Bros., industry sources said. The two entities are reportedly...

Business

Local, foreign investors eye PBCom’s P12.5-B bad assets

By Ted P. Torres | August 7, 2004 - 12:00am

Fourteen local and foreign investors led by Bank of America (BA), Deutsche Bank, Ayala Corp. and Robinsons Land Corp. have signified interest in acquiring the P12.5 billion worth of bad assets held by the Philippine...

Business