Globe Telecom P7 billion worth of fixed-rate bonds listed on PDEX

Albert de LarrazabalGlobe Telecom recently listed on the Philippine Dealing and Exchange Corp. a total P7 billion worth of fixed-rate bonds. The notes, comprising of P4 billion seven-year bonds due 2020 and P3 billion 10-year bonds due 2023, were given a rating of PRS Aaa by the Philippine Rating Services Corp. , denoting the company’s extremely strong capacity to meet its financial commitment on the obligations. At the listing ceremony, Globe Chief Financial Officer Albert De Larrazabal (shown above) expressed gratitude for the support afforded by financial institutions on the bond issuance. Photo supplied

/ by

Post Author: