PLDT approved to issue long-term bonds in international capital market

PLDT, the subsidiary of First Pacific (0142), announced that the company has secured approval of central bank of Philippine to issue long-term bonds in the international capital market. The bonds are expected to be launched later this year. PLDT said market environment and other factors must be taken into consideration before launching the bonds. The company also plans to pay off US$600mln debts, which will be due in three years, by raising funds.

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