ALI said the amount would be raised through the issuance of retail bonds and corporate notes for listing on the Philippine Dealing and Exchange Corp., as well as execution of bilateral term loans.
"We intend to access both our bank lines as well as the debt capital markets, roughly 50-50. Of the total of P50 billion, P25 billion will be to finance our capital expenditures this year and the other P25 billion is for refinancing of maturing debt," ALI chief finance officer Augusto Bengzon said.
"The strategy is to access our longterm bank lines as well as the debt capital markets in the second half of the year as we anticipate that by that time, rates should start trending
downwards. So we have that flexibility to trigger a major part of our financing program in the second half of the year when hopefully, rates would have moderated. We want to borrow long-term fixed rate. It is important for us to try to get the financing at the opportune time," he said.
Bu hikaye The Philippine Star dergisinin February 21, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin February 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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