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Chelsea issued 73,932,000 common shares to Metrobank and 3,859.000 common shares to the Private Education Retirement Annuity Association as part of C’s plan to prevent default by converting certain outstanding debts into equity.

as part of C’s plan to prevent default by converting certain outstanding debts into equity. Together, the shares represent 3.42% of C’s post-transaction outstanding shares. The issuance to MBT allowed C to wipe out P221.8 million in debt , and the issuance to PERAA allowed C to eliminate P11.6 million in debt . The conversion of the debt to equity eliminates about P16.

The US Federal Reserve decided to not raise rates in a unanimous vote, but said that it couldn’t rule out... Today and Friday are the only tradeable days on the market, and I think that says it all. I don’t have any events on...

 

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