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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