CIRTEK Holdings Philippines Corp said that its board of directors had decided to issue up to P6 billion worth of commercial papers.

By way of disclosure to the stock exchange, Cirtek announced that its board of directors had authorised, at a special meeting held on Wednesday, “the registration and issuance by the commercial paper company of a total principal sum of up to P6 billion.”

The business reported that the Board also authorized the hiring of BDO Trust and Investments Group as a stock and transfer agent for detachable warrants.

It also declared the acceptance of the selection of the Philippine National Bank – Trust Banking Company as the receiving and receiving agent for its stock rights offering with detachable warrants.

BDO Unibank, Inc. has been named a settlement bank for the Preferred B2 Subseries B Shares Business.

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