It is with great pleasure that we announce the arrival of a long awaited bond issue: Globe Telecom, Inc. ("Globe") is set to issue up to Php 10 billion of 5 &7 year bonds following receipt of SEC approval to offer the bonds. The official offer period will begin on Monday, May 21 and end on Friday, May 25. The bonds have been assigned a PRS AAA rating, the highest rating given to bonds. The indicative coupon rates for the 5-year bond is 5.5% to 5.7% and the 7-year bond is 5.6% to 5.8%.
Globe is a pioneer in the mobile telecommunications business, the market leader in post paid plans, has 31 million subscribers as of 1Q 2012, and has also diversified into broadband as well as maintained its fixed line data and voice businesses. Globe is a well-known subsidiary of Ayala Corporation and Singapore Telecommunications Limited (SingTel), Singapore's leading telecommunications provider.
BPI Capital is a Joint Lead Underwriter of this offering. The issuer name, "familiar" tenors and competitive rates makes this offering very much suited for individual investors. Please let us know your level/ amount of interest so we can prioritize and assist you if you have any clarifications regarding the offering.
A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THE SAME BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION OF AN OFFER TO BUY.
If interested, please email us for reservation. Minimum investment required is P 50,000.00. Thank you