Total Philippines: debt refinancing in a hostile environment
Interest rates rising? Rivals snapping at your heels? The treasurer at one of the Philippines’ biggest petroleum companies tells CT how he poured oil on a troubled interest rate sea.
As any corporate treasurer will tell you, a growing economy is not always your best friend. And Jhon-Marvin Payumo, treasury manager at Total Philippines, could see he was about to get caught in a whirlpool of countervailing forces.
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