Alliance Global Group Cayman Islands Inc., a unit of Alliance Global Group Inc. (AGI), has raised $500 million (P22.33 billion) through dollar-denominated guaranteed notes to pay off the loan of its liquor subsidiary Emperador Inc., a company statement said.
It said the notes, issued on Friday, April 8, at a rate of 6.50 percent and due in 2017, will refinance Emperador’s loan of 210 million British pounds or about P15.16 billion from The Hongkong and Shanghai Banking Corp. Ltd. (Hong Kong Branch) and JP Morgan Chase Bank N.A. (Singapore Branch).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.