MANILA Jan 23 Philippine Long Distance
Telephone Co (PLDT) aims to raise up to 15 billion
pesos ($332 million) via its maiden peso retail bond issue to
finance capital expenditure and refinance existing debt, it said
The base offer size is 10 billion pesos, with an option for
over-subscription of up to 5 billion pesos. The week-long offer
period starts on Friday, the country's most valuable listed firm
said in a statement.
Coupon rates have been set at 5.2250 percent per annum for
seven-year bonds and 5.2813 percent per annum for 10-year bonds,
First Metro Investment Corp, BDO Capital & Investment Corp,
BPI Capital Corp and HSBC have been tapped as
underwriters and bookrunners.