First Gen prepares for dollar bond offering

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First Gen Corp. has tapped three financial institutions to arrange investor meetings here and overseas prior to a prospective dollar-denominated bond offering.

In a disclosure to the Philippine Stock Exchange Monday, First Gen said it had mandated Deutsche Bank, HSBC and J.P. Morgan to arrange a series of fixed income investor meetings in Manila, Hong Kong and Singapore.

“A Regulation ‘S’ US dollar bond offering may follow, subject to market conditions,” it further reported.

The company, however, did not provide further details.

First Gen earlier reported a 17.4-percent decline in its net income attributable to equity holders of the parent to $77.7 million in the first half of 2013, from $94 million a year ago.

The company, with its portfolio of 15 power generation plants, is currently one of the biggest players in the industry with an installed capacity of 2,763 megawatts.

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  • John Fereira

    Tsk, tsk, tsk ano yan suiside ipahamak pa ninyo ang bayan ko na pinas, akala ko ba you have assets and the biggest in the industry tapos nag hahanap na mautangan????

    Ito sana na alerto naman kayo kung ang nasa isip nyo mag DOLLAR BOND OFFERING kuno?

    1. Nomura’s Bob Janjuah believes the financial markets will experience “one more huge spike before collapsing by up to 50%.

    2. Pimco’s Bill Gross stated we are heading for a “credit supernova.”

    3. Economist Nouriel Roubini has said we should “prepare for a perfect storm.”

    4. Financial expert Marc Faber recently stated he “loves the high odds of a ‘big-time’ market crash.”

    It’s a crisis that could happen within the next 12 months, Something big is looming.Avoid Panic When Stocks Crash

    The signs are everywhere. When it happens, it’ll happen fast. And most people will be caught completely off-guard and unprepared.

    FIRST GEN mag isip muna kayo ng other ways and means…

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