Globe Telecom, one of the Philippines’ major telecommunications companies, recently announced that it successfully raised ₱25 billion through a special stock offering. According to a press release filed with the Securities and Exchange Commission (SEC) on March 2, 2026, the company sold a type of shares called “non-voting preferred shares” to investors.
What Are Preferred Shares?
Think of shares like slices of a company that people can buy. Globe sold a special type of share called “preferred shares.” These are different from regular shares (common shares) in important ways. The preferred shares Globe sold don’t let owners vote on company decisions, but they do promise regular payments to the people who own them – similar to getting allowance on a schedule.
Globe issued 12.5 million of these special shares at ₱2,000 each. The technical name for these shares is quite long: cumulative, non-voting, non-participating, non-convertible, redeemable, and re-issuable Philippine Peso-denominated perpetual preferred shares. But simply put, they’re shares that pay regular dividends without giving voting rights.
Why This Offering Was Successful
The offering was extremely popular with investors. Globe originally planned to raise only ₱15 billion, but so many people wanted to buy the shares that the demand was 2.40 times higher than expected. This overwhelming interest allowed Globe to increase the offering to ₱25 billion by using a ₱10 billion “oversubscription option” – essentially extra shares they had ready in case demand was strong.
“We are encouraged by the overwhelming support shown by our institutional and retail investors for this Offer,” said Globe President and CEO Carl Raymond R. Cruz, according to the press release. The strong response shows that investors trust Globe’s plans and believe the company will manage their money well.
What Will Globe Do With The Money?
Globe has clear plans for the ₱25 billion it raised. The company will use the money for two main purposes:
- Pay off existing debt: Globe will redeem (pay back) all or part of its USD perpetual capital securities – basically, older loans the company took out in US dollars
- Improve its network: The remaining funds will go toward capital expenditures, which means spending on infrastructure like cell towers, internet cables, and technology systems that help Globe provide better service to customers
Juan Carlo C. Puno, Globe’s Chief Financial Officer, explained that this offering “strengthens our capital structure, maintains financial flexibility, and positions us to pursue our strategic objectives while maintaining a clear focus on sustainable free cash flow generation.”
About Globe Telecom
Globe Telecom (PSE: GLO) is one of the Philippines’ leading telecommunications companies, providing mobile, fixed-line, and broadband services to millions of Filipinos. The company is headquartered at The Globe Tower in Bonifacio Global City, Taguig. As of December 31, 2025, Globe had 144,468,524 common shares outstanding and total debt of ₱256.3 billion.
Making Investment More Accessible
In an interesting move to make investing easier for ordinary Filipinos, Globe allowed people to buy these shares through GStocks PH, an online stock trading platform built into the GCash mobile app. This aligns with Globe’s stated mission “to make lives better through technology” by letting more people participate in the stock market using just their smartphones.
Trading Begins on Philippine Stock Exchange
The new preferred shares officially started trading on the Philippine Stock Exchange on March 2, 2026, the same day Globe filed its report with the SEC. This means investors can now buy and sell these shares on the stock market.
Several major financial institutions helped Globe with this offering, including BPI Capital Corporation, BDO Capital & Investment Corporation, and China Bank Capital Corporation as Joint Lead Issue Managers. First Metro Investment Corporation and Security Bank Capital Investment Corporation also served as Joint Underwriters and Joint Bookrunners.
