Globe Telecom Inc. has tapped foreign and local banks to arrange its planned issuance of US dollar bonds to refinance debt and fund capital expenditures.
Globe said it mandated The Hongkong and Shanghai Banking Corporation Ltd. and J.P. Morgan Securities plc as joint global coordinators, and HSBC, J.P. Morgan and BPI Capital Corp., as joint lead managers and joint book runners.
These banks will arrange a series of fixed income investor meetings starting on July 15, 2020.
“A Reg S only U.S. Dollar-denominated Senior Note offering may follow, subject to market conditions,” Globe said.
The company plans to use net proceeds from the issue to finance capex, maturing and current obligations and general corporate requirements.