PSALM P30-B bond listing a first for the government
The innovative liability management program of the Power Sector Assets and Liabilities Management (PSALM) Corporation is reaping rewards as PSALM became the first government-owned and -controlled corporation (GOCC) to be listed in the Philippine Dealing and Exchange Corporation (PDEx) after its successful debut in the domestic capital market.
In simple ceremonies held Thursday, 22 April 2010, PSALM's...
PSALM declares San Miguel Corp. as highest bidder for Ilijan IPPA
Firm in its resolve to expeditiously and efficiently meet the last precondition for the implementation of open access and retail competition in the power industry, the Power Sector Assets and Liabilities Management (PSALM) Corporation Friday, 16 April 2010, declared San Miguel Corporation as the highest bidder for the appointment of an independent power producer administrator (IPPA) to manage the contracted...
PSALM starts Malaya IPPA appointment process
The Power Sector Assets and Liabilities Management (PSALM) Corporation last Wednesday (14 April 2010) officially launched the bidding for the management of the government's contracted capacity in the 650-megawatt (MW) Malaya Thermal Power Plant Complex located in Pililia, Rizal.
In a published Invitation to Bid that will run in local newspapers until today, 16 April 2010, PSALM stated that it is...
PSALM raises PhP30 billion from its maiden domestic bond issuance
The Power Sector Assets and Liabilities Management (PSALM) Corporation has successfully completed the sale of PhP30 billion worth of five- and seven-year fixed-rate retail bonds today, 13 April 2010.
Following roadshows that were held in Manila, Cebu and Davao prior to the auction, the PSALM peso bond issue, the largest peso-denominated debt issue so far this year, were priced at yields of 6.875%...
Korean company declared highest bidder for Angat power plant
Korea Water Resources Development Corp. (K-Water), a new player in the Philippine electric power sector, was declared by the Power Sector Assets and Liabilities Management (PSALM) Corporation as the highest bidder for the 218-megawatt Angat Hydroelectric Power Plant (HEPP) in a successful sale held today (28 April 2010). K-Water offered USD440.88 million (USD440,880,000) for the Angat HEPP to edge...