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Philippine Long Distance plans PHP 15 billion bonds for early 2014
By Marisa Wong
Madison, Wis., Dec. 6 - Philippine Long Distance Telephone Co. plans to issue up to PHP 10 billion of fixed-rate bonds with an up to PHP 5 billion oversubscription option, according to a 17-C filing with the Philippine Securities and Exchange Commission.
BDO Capital & Investment Corp., BPI Capital Corp., First Metro Investment Corp. and Hongkong and Shanghai Banking Corp. Ltd. are the joint issue managers, joint lead underwriters and joint bookrunners.
First Metro Investment is also the issue coordinator.
The bonds will be issued in the first quarter of 2014.
Proceeds will be used to finance capital expenditure or refinancing existing debt.
The telecommunications company is based in Makati City, Philippines.
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