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Philippine Long Distance Telephone Co Announces Issuance Of PHP 6.20 Billion Corporate Notes


Thursday, 22 Nov 2012 07:00pm EST 

Philippine Long Distance Telephone Co announced that it has issued on November 22, 2012, PHP 6.20 billion fixed rate corporate notes to a group of institutional lenders. The seven (7)-year and 10-year notes were fixed at a yield of 5.50% and 5.9058%, respectively. BPI Capital Corporation and First Metro Investment Corporation acted as the Joint Issue Managers. The proceeds will be used to refinance Company’s existing debts.