Philippines' Globe Telecom plans PHP 10 billion seven-, 10-year bonds

By Marisa Wong

Madison, Wis., April 19 - Globe Telecom, Inc. said it plans to issue an initial tranche of PHP 10 billion of fixed-rate bonds under its previously approved PHP 15 billion retail bond program.

The fixed-rate bonds will have maturities of seven and 10 years.

The company's board of directors approved the bond program in February. It expects to sell the bonds in one or more tranches over the 12 months following the approval date.

The bonds will be offered to both institutional and retail investors.

The bond program will be used to fund capital expenditures.

The telecommunications company is based in Mandaluyong City, Philippines.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.