By Marisa Wong
Madison, Wis., July 14 – 8990 Holdings, Inc. announced it issued PHP 9 billion of fixed-rate bonds.
The company sold PHP 8,405,590,000 of 6.208% series A bonds due 2020, PHP 375.5 million of 6.131% series B bonds due 2022 and PHP 218.91 million of 6.8666% bonds due 2025.
The company said that the oversubscription option was fully exercised.
The company announced in June that it was offering PHP 5 billion of 5¼-, seven- and 10-year bonds with an oversubscription option for PHP 4 billion of additional bonds.
The offer period began on June 26 and was set to run to July 9.
BDO Capital, China Bank, First Metro Investment Corp. and SB Capital were the joint lead underwriters and joint bookrunners. BDO Capital, First Metro and SB Capital were also the joint issue managers.
8990 is a property developer based in Makati City, Philippines.
| Issuer: | 8990 Holdings, Inc.
|
| Issue: | Fixed-rate bonds
|
| Amount: | PHP 9 billion
|
| Bookrunners: | BDO Capital, China Bank, First Metro Investment Corp. and SB Capital
|
| Offer period: | June 26-July 9
|
| Announcement date: | July 14
|
|
|
| Series A
|
| Amount: | PHP 8,405,590,000
|
| Maturity: | Oct. 16, 2020
|
| Coupon: | 6.208%
|
|
|
| Series B
|
| Amount: | PHP 375.5 million
|
| Maturity: | July 16, 2022
|
| Coupon: | 6.131%
|
|
|
| Series C
|
| Amount: | PHP 218.91 million
|
| Maturity: | July 16, 2025
|
| Coupon: | 6.8666%
|
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