Manila, Philippines, May 28, 2009— Globe Telecom, Inc. (Globe), one of the country’s leading telecommunications companies, successfully raised Php5.0 billion from the issuance of 5- and 7-year fixed and floating rate corporate notes. Solely arranged by First Metro Investment Corporation (First Metro), Metrobank’s investment banking arm, the issue was subscribed to by twelve (12) participating lenders, who were a mix of banks, insurance companies, mutual funds, and government financial institutions (GFIs). Strong demand from these institutions convinced Globe to double the size of the offer from the original Php2.5 billion, making it another successful fund raising for one of the country’s prime corporate issuers. In February, Globe had also raised PhP5.0 billion from the sale of 3- and 5-year retail bonds.  Read more.