Money Magnets

  
Interest rate                              7.5% for 3 Year bonds
                                                  8.0% for 5 Year bonds
Minimum Investment                  PhP 50,000 (in increments of
                                                  PhP 10,000 above minimum) 
Offer Period                               February 12-19, 2009

Lead Underwriters:                      BDO Capital Corp.
                                                   BPI Capital Corp.
                                                   First Metro Investment Corp.
Co-Lead Underwriter:                 RCBC Capital Corp.
Participating Underwriter:            Vicsal Investments Inc.

Credit Rating:                            PRS Aaa (Highest credit mark)
                                                 Philippine Rating Services Corp.
                                                    (source)

Additional news about the company that might be of interest to you follows:

According to GMANews.TV
"Globe has earlier said that it will spend anywhere between $350 million to $400 million in capital outlay this year. Of the amount, $130 million will be spent to fund its core 2G network expansion and $150 million for its consumer broadband including 3G.

Its corporate wireline data will be given $25 million, the same amount allotted for its international cable facilities. Support capital expenditures will be given $20 million.

Last year, the company spent P19.9 billion, 44 percent higher than 2007’s P13.8 billion.

Globe has reported that it earned P11.3 billion last year, 15 percent lower than P13.3 billion in 2007 as revenues fell to P55.64 billion from P56.41 billion"



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