Philippines' Globe Telecom plans to issue PHP 7 billion retail bonds

By Marisa Wong

Madison, Wis., May 7 - Globe Telecom, Inc. said its board of directors approved a plan to issue PHP 7 billion of retail bonds within the year.

The bonds will be offered to institutional and retail investors.

Proceeds will be used to help finance capital expenditure requirements for 2013 and to prepay expensive debt.

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.