PSE Circular for Brokers No. 1705-99
PSE Circular for Brokers No. 1705-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 13, 1999
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July 13, 1999 PSE CIRCULAR FOR BROKERS NO. 1705-99 July 12, 1999 Securities & Exchange Commission Director Linda A. Daoang Money Market Department S.E.C. Building, EDSA Mandaluyong City Philippine Stock Exchange Disclosure Department Listing and Disclosure Group 4/F PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be informed that AC International Finance Limited, a wholly-owned offshore subsidiary of Ayala Corporation (this 'Corporation'), launched last Friday 09 July 1999, a US$200 Million Eurobond Issue guaranteed by this Corporation. The unsecured Notes priced at a 310 basis points spread over the 5-year US Treasury, will have all issue date of 16 July 1999 and a term of 5.5 Years or until 17 January 2005. The Notes will have a coupon fixed rate of 8.75%, payable semi-annually, and will be listed at the Luxembourg Stock Exchange. dctai This information is being, submitted in compliance with the rules of the Securities and Exchange Commission and the Philippine Stock Exchange. Very truly yours, (SGD.) RENATO O. MARZAN Managing Director
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