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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

China’s Tencent, KKR to invest in PayMaya developer

Chinese technology giant Tencent Holdings, the developer of WeChat, and a United States-based fund are entering PLDT Inc.'s digital innovations arm--- a move seen to accelerate the use of cashless payments in the Philippines over the next few years. In a joint statement, PLDT said Tencent and investment firm KKR will invest up to $175 million (P9.5 billion) into PLDT unit Voyager Innovations, which operates the mobile wallet PayMaya. The deal was branded yesterday as the single largest investment to date in a Philippine tech company. "We can scale up and that's what Tencent and KKR want to do," PLDT chair and CEO Manuel V. Pangilinan told reporters in a briefing on Thursday. "Al...Keep on reading: China’s Tencent, KKR to invest in PayMaya developer.....»»

Category: newsSource:  inquirerRelated NewsOct 4th, 2018

BPI unveils plan to raise P50 billion from bond sale

BPI unveils plan to raise P50 billion from bond sale.....»»

Category: financeSource:  thestandardRelated NewsSep 20th, 2018

Gov t bond sale eases 8-month dollar outflows from PH

For the month of August alone, the country's overall balance of payments position posted a surplus of $1.27 billion, marking a reversal from the $7 million deficit recorded in the same month l.....»»

Category: newsSource:  philippinetimesRelated NewsSep 20th, 2018

Bond sale lifts forex reserves in August

The country’s foreign exchange buffer strengthened in August due to strong inflows after the national government raised $1.4 billion from the sale of multi-tranche Samurai bonds......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2018

ING pilots peso green bond

Consistent with its commitment to help address today’s environmental problems, ING Bank N.V. (ING Bank) recently arranged the first 10-year local bond sale amounting to P1.06 billion from the Southeast Asia. The Dutch financial services giant said the sale proceeds will be utilized to support the Singapore-based Sindicatum Renewable Energy Company Pte. Ltd. (Sindicatum Renewables) […].....»»

Category: newsSource:  tribuneRelated NewsSep 4th, 2018

Gov’t raises $1.39B from yen debt sale

THE PHILIPPINES raised a total of ¥154.2 billion, or about $1.39 billion, as it returned to the “samurai” bond market after eight years, the Department of Finance (DoF) said in a statement on Wednesday. The post Gov’t raises $1.39B from yen debt sale appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

Gov’t raises $1.39B from yen debt sale

THE PHILIPPINES raised a total of ¥154.2 billion, or about $1.39 billion, as it returned to the “samurai” bond market after eight years, the Department of Finance (DoF) said in a statement on Wednesday. The department said the government raised ¥107.2 billion in three-year papers with a 0.38% coupon, ¥6.2 billion in five-year debt that… link: Gov’t raises $1.39B from yen debt sale.....»»

Category: newsSource:  manilainformerRelated NewsAug 8th, 2018

Philippines raises $1.39-B of debt from samurai bond sale

The Philippines marked its return to the “Samurai” debt market after an eight-year break and this time, it has sold $1.39 billion (¥154.2 billion) in yen-denominated bonds, the Department of Finance said......»»

Category: financeSource:  philstarRelated NewsAug 8th, 2018

Japanese financial giants: PH samurai bonds to make a killing

Five large Japanese financial institutions are supporting the Philippines' upcoming $1-billion samurai bond sale, the first issuance without a guarantee. The Department of Finance (DOF) said i.....»»

Category: newsSource:  philippinetimesRelated NewsJun 21st, 2018

Philippines plans $1-billion samurai bond sale

MANILA, Philippines – The government is planning to issue samurai bonds amounting to $1 billion this year, Finance Secretary  Carlos Dominguez III said in front of businessmen in Tokyo, Japan on Tuesday, June 19. The plan comes after the government's issuance of $2 billion worth of one-year dollar ........»»

Category: newsSource:  rapplerRelated NewsJun 19th, 2018

$2B left in foreign borrowing program

THE GOVERNMENT has about a $2-billion borrowing space left for its planned “samurai” bond and second global bond sale under its program for foreign commercial loans this year, the Bureau of the Treasury (BTr) said. According to Deputy Treasurer Sharon P. Almanza, the national government is tapping about $2.5 billion in official development assistance (ODA) […] The post $2B left in foreign borrowing program appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 27th, 2018

China cutting US soybean purchases in face of tariffs threat

WASHINGTON --- With the threat of tariffs and counter-tariffs between Washington and Beijing looming,Chinese buyers are canceling orders for US soybeans, a trend that could deal a blow to American farmers if it continues. At the same time, farmers in China are being encouraged to plant more soy, apparently to help offset any shortfall from the United States. Beijing has included soybeans on a list of $50 billion of US exports on which it has said it would impose 25 percent tariffs if the United States follows through on its threats to impose the same level of tariffs on the same value of Chinese goods. The U.S. tariffs could kick in later this month; China would likely retaliat...Keep on reading: China cutting US soybean purchases in face of tariffs threat.....»»

Category: newsSource:  inquirerRelated NewsMay 9th, 2018

Trump orders huge tariffs on China, raises trade war worries

WASHINGTON — Primed for economic combat, President Donald Trump set in motion tariffs on as much as $60 billion in Chinese imports to the U.S......»»

Category: newsSource:  philstarRelated NewsMar 23rd, 2018

Maiden ‘panda’ offer oversubscribed

The government raised 1.46 billion renminbi (RMB) on Tuesday from its maiden “panda” bond sale amid “overwhelming demand” from both offshore and onshore investors, the Investor Relations Office (IRO) announced in a press statement on Tuesday......»»

Category: newsSource:  interaksyonRelated NewsMar 21st, 2018

PH sells P12B panda bonds amid strong demand

The Philippines has sold 1.46 billion renminbi or almost P12 billion in three-year panda bonds amid strong demand, although at a higher yield than the prevailing market rate in China. From Beijing, National Treasurer Rosalia V. de Leon said lateTuesdaythat the country's first panda bond issuance generated 9.22 billion renminbi in bids or 6.32 times bigger than the approved issue size. Quoting a report from de Leon, Finance Secretary Carlos G. Dominguez III told reporters in a text messageTuesdaynight that "the achieved coverage ratio is the largest all-time among any sovereign panda issuance." "With substantial demand, we were able to push coupon to lower end of price target of ...Keep on reading: PH sells P12B panda bonds amid strong demand.....»»

Category: newsSource:  inquirerRelated NewsMar 21st, 2018

Maiden ‘panda’ offer oversubscribed

THE GOVERNMENT raised 1.46 billion renminbi (RMB) on Tuesday from its maiden “panda” bond sale amid “overwhelming demand” from both offshore and onshore investors, the Investor Relations Office (IRO) announced in a press statement on Tuesday. The offer of the three-year debt papers was more than six times oversubscribed at 9.22 billion RMB against the […] The post Maiden ‘panda’ offer oversubscribed appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 20th, 2018

Philippines debut Panda bond sale raises $230 million

MANILA, Philippines — Chinese investors swarmed the Philippines' maiden issuance of renminbi-denominated bonds, which raised 1.46 billion RMB ($230 million).....»»

Category: newsSource:  philstarRelated NewsMar 20th, 2018

Uncle Hawking draws nearly half-billion clicks from mourning Chinese

SHANGHAI, China – Stephen Hawking's death on Wednesday, March 14, generated nearly half a billion clicks in China, where fans mourned a "giant star" who was admired for rising above physical disability and for heartfelt messages to his Chinese social media followers. Already well-known in China, the British cosmologist two ........»»

Category: newsSource:  rapplerRelated NewsMar 14th, 2018

RCBC raises $300M from notes issue

Bracing for a rapid growth in lending activity in line with the country's expanding economy, Yuchengco-led Rizal Commercial Banking Corp. (RCBC) raised $300 million from the sale of five-year debt notes and is raising another $300 million (P15 billion) from the sale of new shares to existing investors by June. RCBC president Gil Buenaventura said the proposed stock rights offering would complement the bond offering. "All this fundraising is meant to support the anticipated double-digit growth in loans," he said. For the first time since 2015, RCBC tapped the overseas bond market with the issuance of five-year bonds that were priced to yield 4.125 percent a year. "This is clearly...Keep on reading: RCBC raises $300M from notes issue.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

China s WeChat app crosses one billion account mark

BEIJING, China – China's ubiquitous WeChat social media platform has crossed the one billion accounts mark as its messaging, game, and shopping services attract more and more users. The symbolic threshold was announced by Pony Ma, the chief executive of its parent company Tencent, on the sidelines of China's parliamentary session ........»»

Category: newsSource:  rapplerRelated NewsMar 6th, 2018