Voyager builds technology platforms and products for financial services, digital commerce, digital marketing and consumer engagement that enable individuals, businesses, organizations and whole cities to reach out and serve more people.
PLDT HOME believes that the strongest connections are at home. It provides Filipino families with a compelling suite of multimedia products and services so they can stay connected and easily access quality entertainment, information, security and other digital services in the comfort of their homes.
PLDT Enterprise is the group’s B2B arm and is tasked with the mission of empowering Philippine enterprises large and small as they pursue their respective digital transformation journeys.
ePLDT is the premier information and communications technology company in the country, delivering world-class solutions to both large enterprises and the SMEs across various industries.
PLDT Global delivers international services for overseas Filipinos as the leading offshore Filipino information and communications technology company.
Smart Communications is the group’s wireless services provider that provides a wide range of innovative prepaid, postpaid and mobile broadband services.
Sun offers a wide range of service innovations for mobile telephony from voice, messaging and international roaming services to wireless broadband and value-added services.
TNT is Smart's value brand that provides fast and reliable LTE connections and affordable call, text and data services.
Home → PLDT News Center → News
Manila, Philippines, 23rd January 2014 – Philippine Long Distance Telephone Company (PLDT), the leading telecommunications service provider in the Philippines, has received approval from the Securities and Exchange Commission (SEC) to sell bonds with a base offer size of P10 billion, with an option for oversubscription of up to P5 billion. This will be PLDT’s maiden SEC-registered peso retail bond issuance.
The PLDT bonds carry a coupon rate of 5.2250% per annum for the seven year bonds due 2021 and 5.2813% per annum for the ten year bonds due 2024, payable quarterly.
The bonds will be offered to the public from January 24 to 30, 2014, issued in minimum denominations of P50,000 each and in integral multiples of P10,000 thereafter.The issuer may at its discretion close the offer period before January 30, 2014. PLDT intends to list the bonds on the Philippine Dealing and Exchange Corporation on issue date. The bonds may be sold and traded only in the Philippines.
PLDT’s inaugural bonds were rated by Credit Rating and Investors Services Philippines, Inc. (CRISP) as ‘AAA’ with a ‘stable’ outlook, the highest on the scale. CRISP cited PLDT’s dominant market leadership, strong historical financial performance and excellent management and governance as key considerations for providing their rating.
PLDT is rated investment grade by three international rating agencies, namely Moody’s Investor Service, Standard & Poor’s and Fitch Ratings.
The Company intends to use the proceeds of the bonds to partially finance its capital expenditure and refinance some of its existing obligations which were utilized in relation to service improvements and expansion projects.
At the end of 2013, PLDT was the most valuable Philippine listed firm, with total market capitalization of PHP576 billion.
First Metro Investment Corporation is acting as Issue Coordinator for the bonds, and is also a Joint Lead Underwriter and Joint Bookrunner alongside BDO Capital & Investment Corporation, BPI Capital Corporation and The Hongkong and Shanghai Banking Corporation Limited.
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