Globe Telecom taps HSBC, J.P. Morgan

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. 

Topics: Globe Telecom Inc. , US dollar bonds , capital expenditures , The Hongkong
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Congress Trivia 1