upsizes

PLDT has now completed its liability management exercise addressing its debts maturing in the next two years.

The margin on the loan is almost a third cheaper than that paid by Florens on its six-year loan tapped in March 2001.

BSP achieved the double distinction of tapping the largest Asian sovereign loan in 2002 and the largest US dollar-denominated loan from Asia (ex-Japan) year to date.

The facility ends over-subscribed by 20% with commitments totalling $180 million.

Chevalier upsized its five-year syndicated loan from HK$300 million to HK$350 million last week.