Globe raises P10B through issuance of preferred shares

Globe Telecom, Inc. held a bell ringing ceremony at the Philippine Stock Exchange (PSE) for successfully raising P10 billion from the issuance of its Series A Non-voting Perpetual Preferred Shares (stock symbol: “GLOPP”).

“I would like to congratulate Globe Telecom for a successful issuance of perpetual preferred shares. I am told that the offering and even the oversubscription option were fully subscribed, a testament to the degree of confidence investors have on the future of the company,” said PSE Chairman Jose T. Pardo in his welcome remarks during the ceremony.

Shown in the photo are: (L-R) PSE Director Alejandro T. Yu; PSE Director Emmanuel O. Bautista; Globe Telecom Chief Finance Officer Albert De Larrazabal; Globe Telecom  President & CEO, Ernest Cu; PSE Chairman Jose T. Pardo; PSE Director Ma. Vivian Yuchengco and PSE President Hans. B. Sicat.