It is interesting to watch on how the biggest companies in the country are going to fund the debts due on second half of 2020 and on the year 2021. It is noteworthy that with the economy slowing or even shrinking these companies may see their internally generated funds weakened.
Whether they will be able to raise new funds or the banks will just roll them over, it is interesting to follow.
One such company, PLDT, announced that they have successfully priced their US$600 million 10-year and 30-year dual tranche senior unsecured fixed rate notes.
We will be evaluating PLDT’s (TEL) finances and shall make a report on it.
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