Globe Telecom to launch benchmark for Philippines

Globe Telecom, the biggest digital phone company in the Philippines, is to launch a corporate bond this month via HSBC.

Globe Telecom, a subsidiary of SingTel and the biggest digital phone company in the Philippines, is set to launch a corporate bond this month via HSBC. The deal, which will be in the region of Ps1.5 billion $30.7 million, is awaiting approval from the Securities and Exchange Commission, which is expected to be granted in the next three weeks.

The transaction will set a precedent for corporate bonds because it is the first time that floating...

To continue reading, please login or register for free

Click for more on: globe | telecom | launch | benchmark | philippines

Print Edition

FinanceAsia Print Edition

CONFERENCES