Philippines' Globe Telecom ups greenshoe for three-, five-year bonds to PHP 2 billion

By Susanna Moon

Chicago, Feb. 17 - Globe Telecom Inc. informed the Philippine Stock Exchange that it increased its over-allotment option for its issue of two series of corporate bonds to up to PHP 2 billion.

The greenshoe was upsized from PHP 1 billion, bringing the total deal size to PHP 5 billion.

As previously noted, the three-year bonds will pay interest at 7½% per year, and the five-year bonds will pay 8% per year.

BPI Capital Corp., BDO Capital Corp. and First Metro Investment Corp. are lead underwriters. RCBC Capital Corp. is co-lead underwriter, and Vicsal Investment, Inc. is participating underwriter.

Globe Telecom is a telecommunications firm based in Mandaluyong City, the 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.