Article: Globe Telecom signs P5B fixed and floating rates notes facility with First Metro Investment Corp.

MANILA, May 22 (PNA) -- Globe Telecom Inc., in a disclosure to the Philippine Stock Exchange (PSE) on Friday, announced that it has signed a P5-billion fixed and floating rate notes facility with First Metro Investment Corp. (FMIC). The facility, which is due on 2014 and 2016, was signed by Globe and FMIC on May 21. FMIC will act as the facility's arranger. Globe said that the loan is a five-year and seven-year facility. The telecommunications firm added that the proceeds will be used to finance its capital expenditures and general corporate requirements. FMIC was incorporated on Aug. 30, 1972 and started business operations as an investment house with quasi-banking ...

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