Delay to Philippine rail securitization

New closing date of March 26 set as members of MRTC consortium fail to sign documents on time.
March 14, 2002

Despite being priced over a fortnight ago, the closing date for the $175 million securitization of equity rental payments received by the Metro Rail Transit Corp. (MRTC) in the Philippines has been delayed by another two weeks, with key documents still to be signed.

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