Live Breaking News & Updates on Ith An Oversubscription Option Of Up To Php5 Billion Assuming The Is Fully Exercised

MANILA - The Securities and Exchange Commission (SEC) has considered favorably the fixed-rate bond offering by Converge Information and Communications Technology Solutions, Inc. and initial public offering by Asia Pacific Medical Center (APMC) Bacolod, Inc. In its March 22 meeting, the commission en banc resolved to render effective the registration statements of Converge covering up to PHP20 billion of bonds under shelf registration, and of APMC Bacolod for up to PHP1 billion of common shares, subject to the companies' compliance with certain remaining requirements. Converge may offer the PHP20-billion fixed-rate bonds in tranches within three years. For the first tranche, the listed internet provider will offer to the public up to PHP5 billion of bonds due 2027, with an oversubscription option of up to PHP5 billion. Assuming the oversubscription option is fully exercised, the company could net up to PHP9.87 billion from the offer. Proceeds will be used to fund the company's c ....

Bacolod City , Barangay Bata , Exchange Commission , Bacolod Inc , Capital Corporation , Capital Investment Corporation , Asia Pacific Medical Center , Communications Technology Solutions Inc , Philippine Dealing Exchange Corp , Converge Information , Communications Technology Solutions , Philippine Dealing , Investment Corporation , Lacson Street , Manila The Securities And Exchange Commission Sec Has Considered Favorably Fixed Rate Bond Offering By Converge Information Communications Technology Solutions , Nc And Initial Public Offering By Asia Pacific Medical Center Apmc Bacolod , Nc In Its March 22 Meeting , He Commission En Banc Resolved To Render Effective The Registration Statements Of Converge Covering Up Php20 Billion Bonds Under Shelf , Nd Of Apmc Bacolod For Up To Php1 Billion Common Shares , Ubject To The Companies 39 Compliance With Certain Remaining Requirements Converge May Offer Php20 Billion Fixed Rate Bonds In Tranches Within Three Years For First Tranche , He Listed Internet Provider Will Offer To The Public Up Php5 Billion Of Bonds Due 2027 , Ith An Oversubscription Option Of Up To Php5 Billion Assuming The Is Fully Exercised , He Company Could Net Up To Php9 87 Billion From The Offer Proceeds Will Be Used Fund 39s Capital Expenditures In Connection With Plant Equipment And Other Property , Nd Equipment And Intangible Assets For The Expansion Of Its Nationwide Fiber Network Bonds Comprising First Tranche Will Be Offered At Face Value From March 14 To 18 , Nd Will Be Listed On The Philippine Dealing Amp Exchange Corp March 25 , Ccording To The Latest Timetable Submitted Sec Converge Engaged Bdo Capital Amp Investment Corporation As Issue Manager For Transaction ,