PLDT expects to spend P58 billion for capital expenditures this year, the highest ever set by the firm.
AFP
PLDT confirms: Maturing obligations to be refinanced with bank loans
(Philstar.com) - June 19, 2018 - 11:04am

MANILA, Philippines — Telco giant PLDT Inc. on Tuesday confirmed reports it may tap banks to refinance its maturing obligations for 2019.

Reacting to a report from The STAR, PLDT told the stock exchange that its maturing obligations for next year amount to $400 million, which the company expects to be generally refinanced with bank loans.

“Given that these are maturities for next year, we have flexibility to determine the best timing for refinancing the said obligations,” PLDT said.

PLDT expects to spend P58 billion for capital expenditures this year, the highest ever set by the firm.

The telco company also reportedly expects to maintain this year’s capex level for next year, as well as in 2020. — Ian Nicolas Cigaral

PLDT INC
Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with