EDC sets bond issue adjustments

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Publicly-listed Energy Development Corporation (EDC) is taking its plunge into the capital market for a “consent solicitation exercise” intending to align or restructure the terms of its existing bonds.The company, in a disclosure to the Philippine Stock Exchange (PSE), noted that such will cover covenants for its 8.6418% fixed rate bonds due on June 4, 2015 and 9.3327% fixed rate bonds due on ...

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