BSP eases credit curbs for banks providing bond market liquidity

MANILA, Philippines — The cap imposed by regulators that limits financial institutions’ exposures to too much credit risk from a single entity will be lifted temporarily for debt securities used by banks involved in providing liquidity in the trading markets. In a statement, the Bangko Sentral ng Pilipinas (BSP) said its Monetary Board approved the […]

SMC raises $500M from overseas perpetual bond sale

An artist’s rendition of SMC’s Bulacan airport project Conglomerate San Miguel Corp. has raised $500 million from an issuance of US dollar-denominated perpetual bonds – its first foray in the offshore bond market for the first time in seven years. The senior perpetual...

DoubleDragon to tap offshore bond market

Ahead of its real estate investment trust (REIT) public offering plan, property developer DoubleDragon Properties Corp. is making its debut in the offshore bond market with an offering of five-year debt paper, which is aimed at raising $75 million. This is seen to...

DoubleDragon raising $75M from offshore bond debut

DD Meridian Park, DoubleDragon’s most valuable property Property developer DoubleDragon Properties Corp. is debuting on the offshore bond market with a goal of raising $75 million from an offering of five-year debt paper. The senior guaranteed bonds due 2025 are...

Robinsons Land makes P13.2B from fresh bond offer

Gokongwei-led property developer Robinsons Land Corp. (RLC) has raised P13.2 billion from a new offering of local bonds as it took advantage of the slowdown in local interest rates to beef up funds for working capital and future expansion. RLC sold three-year and...