Top Frontier Issues Peso-denominated Perpetual Securities

Makati—(PHStocks)—In line with the funding arrangements undertaken by Top Frontier Investment Holdings Inc. (PSE: TFHI) for its outstanding loan obligations, the company, on 30 June 2016, issued Peso denominated perpetual securities which may be convertible to preferred shares of the company, in an aggregate face value amount of PhP25,883,000,000.00 in favor of Bryce Canyon Investments Ltd, a BVI business company.