ABS-CBN eyes early P6-B bond redemption - News Summed Up

ABS-CBN eyes early P6-B bond redemption


ABS-CBN eyes early P6-B bond redemptionhome/Business/Corporate News/ABS-CBN eyes early P6-B bond redemptionABS-CBN Corp. seeks to redeem its P6-billion bonds ahead of schedule. In a disclosure on Monday, the Lopez-led broadcasting giant said it wanted to execise its call option on the seven-year bonds, which were issued in 2014 and due in February 2021. It planned to do so “at the early redemption price of 101.0 percent,” it added. ABS-CBS has informed trustee BDO Unibank Inc. of its intention to exercise that option, said the media conglomerate, which did not disclose the reason for it. ABS-CBN shares fell 6 centavos or 9.35 percent to close at P17.20 each on Monday.


Source: Manila Times June 24, 2019 16:07 UTC



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