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Greenback money owed of Globe and SMC ‘sufficiently’ hedged: CreditSights

By Arjay L. Balinbin, Senior Reporter

GLOBE Telecom, Inc. and San Miguel Corp. (SMC) — on a standalone foundation — have sufficiently hedged their US greenback (USD) money owed, in accordance with monetary analysis agency CreditSights, Inc.

PLDT, Inc. has considerably hedged its 2031 USD bond, though all of its hedges are presently “out of the cash.”

CreditSights famous that many firms fell into misery throughout the Asian monetary disaster in 1997 “resulting from extreme foreign money dangers, which had been largely unhedged.”

“The currencies of India, Indonesia and the Philippines have depreciated sharply towards the USD within the final

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