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China s Tencent draws $41 billion orders for $5 billion bond sale

BEIJING, China – Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday, January 12. The group, known for its wildly popular Honor of Kings video game ........»»

Category: newsSource: rappler rapplerJan 12th, 2018

AUB rolls out WeChat Pay in PH

Rebisco group-led Asia United Bank has become the first bank in the Philippines to roll out mobile payments system WeChat Pay, allowing Chinese tourists to conveniently and seamlessly make payments using their electronic wallets. Now the second-largest mobile payments system, WeChat Pay is embedded in China's dominant social messaging app, WeChat. Launched in 2013, WeChat Pay caters to the messaging app's nearly a billion users and has a 43 percent market share in the world. AUB signed an acquiring license agreement with WeChat developer Tencent to enable Philippine merchants to accept WeChat payments from Chinese tourists. "We cannot underscore enough the opportunities a...Keep on reading: AUB rolls out WeChat Pay in PH.....»»

Category: newsSource:  inquirerRelated NewsNov 23rd, 2017

Bank of China takes lead in panda bond issuance

MANILA, Philippines — The Philippines has tapped the Bank of China (BOC) as the lead underwriter for its planned issuance of 1.4 billion renminbi-denominated.....»»

Category: financeSource:  philstarRelated NewsNov 18th, 2017

PH, Bank of China ink underwriting pact for $200-M Panda bond float

The government as issuer, and the Bank of China as lead underwriter, have signed an agreement spelling out the terms and conditions of the Philippines’ maiden issue of some 1.4 billion renminbi-denominated Panda bonds in the Chinese market......»»

Category: newsSource:  interaksyonRelated NewsNov 17th, 2017

WHAT WENT BEFORE: PNR North 2 background

In 2009, the National Economic and Development Authority board, chaired by then President Gloria Macapagal-Arroyo, approved a $317-million increase in the cost of the Northrail, raising the budget of the China-funded mass transit system to P1.317 billion. The additional cost would have covered foreign exchange adjustments, inflation and "necessary variation orders." In 2011, the administration of President Benigno Aquino III vowed to honor the loan the Arroyo administration obtained from the Chinese government to build Northrail but indicated the government would pay only for work the contractor had actually accomplished. The original contract for Phase 1 (Caloocan City to City of ...Keep on reading: WHAT WENT BEFORE: PNR North 2 background.....»»

Category: newsSource:  inquirerRelated NewsNov 8th, 2017

Gov’t plans Marawi bond sale in January

THE GOVERNMENT plans to sell 20-year bonds in “early January” to raise up to P30 billion to help rebuild war-torn Marawi City, the state Budget chief said yesterday. “As far as the Marawi bond is concerned, it’s a go already. The plan is to start next year early January, so it’s a go,” Budget Secretary […] The post Gov’t plans Marawi bond sale in January appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2017

SC orders BIR to refund P3.81 billion tax in power plant sale

SC orders BIR to refund P3.81 billion tax in power plant sale.....»»

Category: newsSource:  rapplerRelated NewsSep 20th, 2017

Vista Land raises P5 B from dual tranche bond offer

MANILA, Philippines -  Vista Land & Lifescapes Inc., the largest homebuilder in the Philippines, successfully raised P5 billion from the sale of five-yea.....»»

Category: financeSource:  philstarRelated NewsAug 13th, 2017

Gov’t raises $2 B in 1st bond sale

MANILA, Philippines - The Philippines successfully sold $2 billion in 25-year global bonds at a rate of 3.7 percent, marking the first fund-raising activity.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

Australia’s record A$7.6 billion bond attracts historic offshore demand

Australia's new 30-year bond sale broke a slew of records this week, being the largest in size at A$7.6 billion, attracting the most buyers ever, and boasting the largest-ever order book......»»

Category: newsSource:  mb.com.phRelated NewsOct 13th, 2016

Gov't raises P100B from sale of RTBs

THE GOVERNMENT has ended a retail Treasury bond (RTB) sale that will see P100 billion worth of the securities issued, more than three times the original offer......»»

Category: newsSource:  bworldonlineRelated NewsSep 19th, 2016

Front Page: Gov't raises P100B from sale of RTBs

THE GOVERNMENT has ended a retail Treasury bond (RTB) sale that will see P100 billion worth of the securities issued, more than three times the original offer......»»

Category: financeSource:  bworldonlineRelated NewsSep 19th, 2016

Emirates announces $16-B deal for 36 A380s

PARIS, France (UPDATED) – Emirates Airlines said Thursday, January 18, it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos just days after the European manufacturer said it would have to halt production without new orders. The company said it had placed firm orders for 20 of ........»»

Category: newsSource:  rapplerRelated News11 hr. 59 min. ago

PSE’s P3.16B follow-on offer ok’d

The Securities and Exchange Commission (SEC) has approved a plan by the Philippine Stock Exchange to raise as much as P3.16 billion from the sale of shares to existing "eligible" investors. Based on a document issued by the SEC on Thursday, the PSE was authorized to sell as much as 11.5 million new common shares at an offer price of as much as P275 per share to existing eligible investors. Net proceeds from this offering will be used to repay debt to be incurred in connection with its plan to acquire Philippine Dealing Systems Holdings Corp. (PDS Group) PDS, the holding firm for fixed-income trading platform Philippine Dealing and Exchange Corp., Philippine Depositary and Trust...Keep on reading: PSE’s P3.16B follow-on offer ok’d.....»»

Category: newsSource:  inquirerRelated News18 hr. 59 min. ago

BPI plans P50B stock rights offer

Ayala-led Bank of the Philippine Islands plans to raise as much as P50 billion from the sale of new shares to existing shareholders, beefing up its war chest to fund both organic growth and potential acquisitions. BPI has obtained approval from its board to conduct a stock rights offering equivalent to as much as 567 million new shares, the bank disclosed to the Philippine Stock Exchange on Wednesday. "The bank believes that the Philippine banking sector continues to present significant growth prospects in the short to medium term and that it is well-positioned to capitalize on them," BPI said. As such, BPI said it's conducting this stock rights offering to support growth an...Keep on reading: BPI plans P50B stock rights offer.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2018

Gov’t all set for global bond offer

THE GOVERNMENT is set for a planned $2-billion global bond offer involving an equal dose of new money and a liability management segment, an official of the Bureau of the Treasury (BTr) said. “The size of the transaction is $2 billion: $1 billion in new money and $1 billion for liab[ility management],” Deputy Treasurer Ma. […] The post Gov’t all set for global bond offer appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2018

NFA selling Valenzuela property to transport agency for P1B

The policymaking council of the National Food Authority (NFA) has approved the sale of the agency's P1 billion worth of idle property in Valenzuela City as part of efforts to improve its balance sheet. Documents from the agency showed that part of its property at its north district office would be sold to the Department of Transportation (DOTr) for P1.025 billion---the first property divestment under the term of retired major general Jason Aquino, who took office in January last year. The lot will be used for a project of the DOTr-attached Philippine National Railways. As a rule, proceeds of NFA's property sales will go to its corporate funds for operations, which may be seen as a ...Keep on reading: NFA selling Valenzuela property to transport agency for P1B.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

$2-B wireless network to be built in ARMM

By Carmencita A. Carillo, Correspondent DAVAO CITY — TierOne Communications, a Davao-based telecommunications company, is set to start building a $2-billion high-speed wireless communications network in Autonomous Region in Muslim Mindanao (ARMM), including Marawi City, this month. The company is teaming up with Boston-based Parallel Wireless, Finland-based Nokia, and China-based ZTE to build the largest […] The post $2-B wireless network to be built in ARMM appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018

SC orders DOH to answer petition of kids’ mothers in Dengvaxia mess

        The Supreme Court (SC) has ordered the Department of Health (DOH) to comment on the petition seeking to compel government agencies to address the health risks brought about by the multi-billion anti-dengue vaccination mess.   DuringWednesday'sen banc session, the high court gave respondents Health Secretary Francisco Duque III, Education Secretary Leonor Briones, Department of the Interior and Local Government officer-in-charge Catalino Cuy, Dr. Lyndon Lee Suy, program director of the DOH-National Center for Disease Prevention and Control and Food and Drug Administration Director General Nela Charade Puno 10 days from receipt of noti...Keep on reading: SC orders DOH to answer petition of kids’ mothers in Dengvaxia mess.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

FNI to reduce size of follow-on offering

By Krista A.M. Montealegre, National Correspondent GLOBAL FERRONICKEL Holdings, Inc. (FNI) has slashed anew the size of a long-delayed follow-on share sale that will raise a maximum of P1 billion to prepay debt. Global Ferronickel — formerly Southeast Asia Cement Holdings, Inc. and served as the backdoor listing vehicle of Platinum Group Metals Corp. (PGMC)… link: FNI to reduce size of follow-on offering.....»»

Category: newsSource:  manilainformerRelated NewsJan 9th, 2018