Philippines' Manila Electric plans to sell PHP 5.5 billion in notes

By Devika Patel

Knoxville, Tenn., Dec. 7 - Manila Electric Co. said it will issue PHP 5.5 billion of corporate notes on Dec. 14.

First Metro Investment Corp. is the lead arranger, and SB Capital Investment Corp. is co-lead arranger. Insular Investment & Trust Corp. is co-arranger.

Proceeds will be used for general corporate purposes.

The issue was approved at a board meeting on Monday.

The issuer is a power company based in Manila, 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.