PLDT plans PHP15bn borrowing for CAPEX requirements in Q1 2014

6 Dec 2013

Philippine Long Distance Telephone Company (PLDT) has confirmed plans to borrow up to PHP15 billion (USD342.4 million) in January-March 2014 to fund its capital expenditure programme and refinance debt. In a filing to the Filipino Securities and Exchange Commission (SEC), PLDT noted its registration of seven- and ten-year bonds worth a combined PHP10 billion. Additionally, the carrier’s registration covers a further PHP5 billion by way of an ‘over-allotment’ if demand warrants it. BDO Capital & Investment Corp, BPI Capital Corp, First Metro Investments Corp (FMIC) and the Hong Kong and Shanghai Corp Ltd have been appointed as joint issue managers, underwriters and book runners; FMIC will be the issue coordinator. PLDT has set aside total CAPEX of PHP29 billion for FY 2014.

Philippines, PLDT (including Smart Communications and Digitel),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.