Globe Telecom taps another credit facility
CHERYL M. ARCIBAL, GMANews.TV
08/03/2009 | 07:16 PM
Globe Telecom Inc., the country's second-largest mobile phone company, has tapped another credit facility to fund its capital expenditures.
Globe told the Philippine Stock Exchange that it signed $75-million credit facility on July 31, 2009 arranged by Citibank N.A. and two other financial institutions from Germany and the Netherlands.
Globe has earlier issued fixed three-year and five-year bonds.
The telecommunications company was able to raise P13 billion since early this year.
On Monday, Globe jumped 4.7619 percent to P1,100. - GMANews.TV
Globe told the Philippine Stock Exchange that it signed $75-million credit facility on July 31, 2009 arranged by Citibank N.A. and two other financial institutions from Germany and the Netherlands.
Globe has earlier issued fixed three-year and five-year bonds.
The telecommunications company was able to raise P13 billion since early this year.
On Monday, Globe jumped 4.7619 percent to P1,100. - GMANews.TV
