BayanTel opts for private equity placing

06 Feb 1998

DIFFICULT market conditions have prompted Philippine company Bayan Telecommunications Holdings Corporation (BayanTel) to execute a private placement of convertible preferred shares via Chase Manhattan, rather than face the public equity markets. The shares are redeemable at the end of five years, unless previously converted to common shares, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial