PLDT may cut $315-M debt issue
Reuters | 06/09/2009 8:48 PM
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MANILA - Philippine Long Distance Telephone Co. (PLDT), the country's largest listed firm, said on Tuesday it may reduce a planned P15 billion ($315 million) bond offer, as the companiy's cashflow was still healthy.
PLDT, a unit of Hong Kong's First Pacific Co. Ltd, Japan's NTT Communications and NTT DoCoMo, recorded higher core earnings and revenue in the first four months of the year from the same 2008 period, company chairman Manuel Pangilinan told reporters.
"Ahead of last year," Pangilinan said regarding January-April core earnings and revenue.
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