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                    [ArticleID] => 231302
                    [Title] => Globe’s P2.7-B bond offering gets SEC okay
                    [Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.


The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.


Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004.  The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012.  Its short-term debt, on the other hand, amounts to P7.4 billion.


                    [DatePublished] => 2003-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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BOTH FORTUNE CEMENT AND REPUBLIC CEMENT

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                    [ArticleID] => 231302
                    [Title] => Globe’s P2.7-B bond offering gets SEC okay
                    [Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.


The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.


Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004.  The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012.  Its short-term debt, on the other hand, amounts to P7.4 billion.


                    [DatePublished] => 2003-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

Globe’s P2.7-B bond offering gets SEC okay

By Zinnia B. Dela Peña | December 12, 2003 - 12:00am

The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp. The bonds which carry a maturity of three years to five years, will be issued...

Business