GT Capital may sell more preferreds given strong investor interest

By Marisa Wong

Morgantown, W.Va., Nov. 21 – GT Capital Holdings, Inc. said it is considering another issuance of perpetual preferred shares.

The company had completed an offering of perpetual preferreds totaling PHP 12 billion last month. Orders totaled PHP 55.1 billion, almost seven times the base offer of PHP 8 billion, as previously reported.

The company’s executive vice president and chief financial officer, Francisco H. Suarez Jr., said the company may consider issuing more preferreds should more funding be required, such as funding for a big acquisition.

The investment holding company is based in Makati City, Philippines.

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