MANILA – The Securities and Exchange Commission (SEC) has approved ABS-CBN Corp’s plan to raise debt next week.
In a text message, SEC Commissioner Juanita Cueto said the up to P10-billion retail bond issuance of the Lopez-owned broadcasting firm was approved during Thursday's en banc meeting.
Documents from the corporate regulator show the sale of debt securities will be divided into two tranches. The first tranche involves the issuance of P4 billion worth of seven-year bonds and P1 billion worth of 10-year bonds from January 27 to February 10.
The seven-year bonds will carry an interest rate of 4.2375 percent per annum, while the 10-year bonds will have an interest rate of 4.2979 per annum.
BDO Capital & Investment Corp, BPI Capital Corp and The Hongkong and Shanghai Banking Corp Limited are the underwriters of the transaction.
ABS-CBN will raise the second tranche of up to P5 billion within the year.
The company will allot P2 billion from the proceeds of the debt sale for the construction of soundstages on a 15-hectare lot in Bulacan, while the remaining amount would be used for its inventory of programming content.
In the first nine months of 2013, ABS-CBN posted earnings of P1.89 billion, up by 22 percent from P1.555 billion in the same nine-month period the previous year. Consolidated revenues of P25.227 billion from advertising and consumer sales increased 16 percent from P21.79 billion in 2012.
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8 comments:
its a clear indication of being the real toprated network.
Bond issuance (risk resides with the creditors, not with the stockholders) is better than stock issuance (paggigisa sa sariling mantika ng mga stockholders na ginagawa ng GMA).
in short utang na naman kapalmilya....puro investment ala naman return...d gaya sa gma puro blockbuster ang movies at toprated ang mga shows
Hindi ba parang baliktad? Movies pa lang mali na e. Parang wala na nga akong nakikitang produce ng gma films na kumita. And sa shows? Tignan mo na lang ang ratings ng AGB at kantar. Uso din kasi manuod ng tv at sine. Basa ka din ng balita pag may time. Wag puro dada
Anonymous said...
yung iba jan mahilig magsabi ng kasinungalingan laban sa GMA artists para lng mapalitaw na mas magaling daw kuno ang mga starlet artists ng chanel 2!
Obvious naman na pang-World class ang mga talents ng GMA 7.
isa pa;magling daw ang mga MOBIES o movies ng chaka 2, e, hanggang ngayon ay di manlang sila nakatapak sa HOLLYwood;samantalng ang GMA 7 ay nkapagproduce na ng isang pangholiwood na movie-THE ROAD at napanood na at naimarket sa international;yung kabila still NGANga LOL !
January 30, 2014 at 7:12 PM
Wala pang naima-market na movies internationally? I guess you were dreaming. The Road, nai-market nga, pulled out agad kasi even sa Hollywood eh flop. Mainstream movie pa yan ha at nag-iisang movie from the Kasuso station. Ang On-The-Job? Indie movie pa lang ng Star Cinema via Skylight, super hit agad sa ibang bansa at multi-awarded pa at may remake pa ang Hollywood. Majority of the movies of Star Cinema are also shown abroad at hindi bumababa sa PHP50-100million ang kita sa abroad pa lang and are shown with ABS-CBN's own capacity kasi kaya nila i-market sarili nila. Eh ang Ksuso films and shows? Kailangan pa nilang i-exhibit kumbaga i-bargain sa bangketa para mapansin ng ibang bansa.
mangarap ka ateng AlA pa namarket ng str mu sa Hollywood,never heard!
Ang GMA lng ang nakagawa ng ganyan--The Road !sa Holiwood so FAR
Anonymous said...
in short utang na naman kapalmilya....puro investment ala naman return...d gaya sa gma puro blockbuster ang movies at toprated ang mga shows
January 27, 2014 at 4:40 PM
Anonymous said...
yung iba jan mahilig magsabi ng kasinungalingan laban sa GMA artists para lng mapalitaw na mas magaling daw kuno ang mga starlet artists ng chanel 2!
Obvious naman na pang-World class ang mga talents ng GMA 7.
isa pa;magling daw ang mga MOBIES o movies ng chaka 2, e, hanggang ngayon ay di manlang sila nakatapak sa HOLLYwood;samantalng ang GMA 7 ay nkapagproduce na ng isang pangholiwood na movie-THE ROAD at napanood na at naimarket sa international;yung kabila still NGANga LOL !
January 30, 2014 at 7:12 PM
Carlo espino said...
mangarap ka ateng AlA pa namarket ng str mu sa Hollywood,never heard!
Ang GMA lng ang nakagawa ng ganyan--The Road !sa Holiwood so FAR
February 1, 2014 at 4:44 PM
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Ang hilig tumira ng KATOL nitong mga BOBONG KANGUSO! O ano ngayon mga Kanguso? Diba PALAKI ng PALAKI ang COMPANY ng ABS-CBN habang ang GME niyo eh LUBOG na LUBOG na LUBOG na LUBOG na LUBOG na at NAPAG-IIWANAN! bwahahahahaa
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