09/01/2021
LRWC Redeemed All Outstanding Preferred Shares on January 31, 2020
LRWC (the “Company”) redeemed all its outstanding preferred shares on January 31, 2020. The total number of shares redeemed at par value was 1,650,000,000, amounting to Php1.65 billion. The Company also paid the accrued interest from July 1 to December 31, 2019 with a step-up rate of 9.42 percent per annum. The total amount of interest paid was Php77.72 million. Interest from July 1, 2018 to June 30, 2019 has been paid off in August last year with the same step-up interest rate.
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LRWC (the “Company”) redeemed all its outstanding preferred shares on January 31, 2020. The total number of shares redeemed at par value was 1,650,000,000, amounting to Php1.65 billion. The Company also paid the accrued interest from July 1 to December 31, 2019 with a step-up rate of 9.42 percen...