Globe Telecom has signed an agreement with Philippine Dealing and Exchange Corp. to list the Ayala unit’s P5 billion worth of three- and five-year retail bonds on the fixed income exchange starting Wednesday.
Globe raised more than P13 billion from new borrowings since the beginning of the year. The retail bonds to be listed on PDEx, which are due in 2012 and 2014, were issued last Feb. 25. The coupon rate for the three-year notes stood at 7.5 percent while the rate for the five-year notes was 8 percent.
Inquirer
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