Philippine Long Distance Telephone (PLDT), the country’s largest telco, has secured a US$150m loan, according to IFR.
Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, and Sumitomo Mitsui Banking Corp (SMBC) each provided US$50m.
Proceeds of the…
Philippine Long Distance Telephone (PLDT), the country’s largest telco, has secured a US$150m loan, according to IFR.
Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, and Sumitomo Mitsui Banking Corp (SMBC) each provided US$50m.
Proceeds of the loan will be used for refinancing and capex, explained IFR.
PLDT could not be reached for comment before the press deadline.
Recently, Smart Communications, the mobile unit of PLDT, raised PhP5.5bn (US$128m) worth of five- and 10-year notes to refinance some of its debt.
First Metro Investment Corp acted as lead arranger and sole bookrunner on the transaction.
