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Marcventures to raise capital stock up to P7b

Marcventures to raise capital stock up to P7b.....»»

Category: financeSource: thestandard thestandardDec 6th, 2018

PSBank okays stock rights offer to raise P8 billion in fresh capital

PSBank okays stock rights offer to raise P8 billion in fresh capital.....»»

Category: financeSource:  thestandardRelated NewsOct 16th, 2018

EDC eyeing P11.5 billion for capex, refinancing

LOPEZ-led Energy Development Corp. (EDC) will raise P11.5 billion via bilateral term loans to refinance loans and fund its capital expenditure (capex). In a disclosure to the stock exchange on Thursday, EDC secured board approval to obtain three-year bilateral loan facilities with various local banks for a total amount of up to P11.5 billion to […].....»»

Category: newsSource:  tribuneRelated NewsJul 13th, 2018

ISM board approves fundraising through share issuance

The board of directors of ISM Communications Corp. has authorized its executive committee to raise funds through the issuance of treasury shares as well as unissued shares from of its authorized capital stock, the company told the stock exchange on Friday. The approval, which was given during a board meeting on Friday, covers the raising […] The post ISM board approves fundraising through share issuance appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2018

RCBC sets final terms for stock rights offer

Rizal Commercial Banking Corp. (RCBC) has set the final terms for its stock rights offer (SRO) where it is eyeing to raise P15 billion to strengthen its capital ratio and fund its business expansion. In a regulatory filing Friday, June 8, the Yuchengco-led lender said it will offer 535.71 million common shares under the plan […] The post RCBC sets final terms for stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 8th, 2018

UnionBank to conduct P10-B SRO in July

UNIONBANK of the Philippines, Inc. is set to conduct its P10-billion stock rights offering (SRO) in July, which will raise additional capital for the lender’s growth. UnionBank Chief Financial Officer and Treasurer Jose Emmanuel U. Hilado said the lender will conduct its SRO in “July of this year.” “That was recently approved by the board. […] The post UnionBank to conduct P10-B SRO in July appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

Metrobank to raise P25B from term deposit offer

Fresh from a P60-billion capital-raising, Ty family-led Metropolitan Bank & Trust Co. plans to raise another P25 billion from a new offering of high-yielding deposits to diversify and lengthen its funding pool. In a disclosure to the Philippine Stock Exchange on Thursday, Metrobank said its board of directors had approved the issuance of new long-term negotiable certificates of deposit (LTNCDs) worth P25 billion. This will be issued in one or more tranches of at least P2 billion per tranche, and tenors of 5.5 years up to 10 years, subject to regulatory approval and market conditions, the disclosure said. The LTNCDs will be listed on the Philippine Dealing & Exchange Corp. ...Keep on reading: Metrobank to raise P25B from term deposit offer.....»»

Category: newsSource:  inquirerRelated NewsApr 26th, 2018

PLDT raising cash, unloading stake in Germany’s Rocket Internet

Telco giant PLDT Inc. announced the beginning of its exit from Germany's Rocket Internet as it seeks to raise money to finance its historic capital spending of P58 billion in 2018.   PLDT told the Philippine Stock Exchangeon Mondaythat it committed to sell around 6.8 million of its shares back to Rocket Internet for about 163.2 million Euros (P10.5 billion).   This amounted to over half (or 67.4 percent) of its roughly 10.1 million shares in the company, which recently announced the buyback of up to 15.47 million shares at 24 Euros apiece. PLDT, through PLDT Online, currently owns about 6.1 percent of Rocket Internet.   PLDT first invested in Rocket Inter...Keep on reading: PLDT raising cash, unloading stake in Germany’s Rocket Internet.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2018

MJC Investments stock rights offer to service debt

MJC Investments Corp. is selling shares to existing stockholders to raise capital for debt servicing requirements. In a disclosure to the stock exchange on Friday, MJC Investments said its board of directors approved a stock rights offer that will raise P1.58 billion from the sale of 1.58 billion shares at P1 each. Stockholders are entitled […] The post MJC Investments stock rights offer to service debt appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 13th, 2018

CLC creates preferred shares to raise funds

CHELSEA Logistics Holdings Corp. (CLC) plans to convert some of its common shares into preferred shares in order to support its capital spending for 2018. In a disclosure to the stock exchange on Wednesday, the Dennis A. Uy-led company said the funds raised from the planned equity conversion will finance its acquisition of vessels, mergers […] The post CLC creates preferred shares to raise funds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

Ayala Land raising P25B to help fund 2018 capex

Property giant Ayala Land Inc. (ALI) has secured board approval to raise up to P25 billion from a mix of retail bond, corporate notes and bilateral loan deals as it prepares to fund record-high capital spending this year. In a disclosure to the Philippine Stock Exchange yesterday, ALI said its board had approved a P20-billion fund-raising through the issuance of retail bonds to be listed on the Philippine Dealing and Exchange Corp. and bilateral term loans. Proceeds from these borrowings will be used to partially finance general corporate requirements, the company said in the disclosure. The retail bonds, on the other hand, will be issued under the P50-billion debt securities pr...Keep on reading: Ayala Land raising P25B to help fund 2018 capex.....»»

Category: newsSource:  inquirerRelated NewsFeb 21st, 2018

Ayala Land to raise up to P25 billion from debt notes, loan

Ayala Land, Inc. (ALI) plans to raise up to P25 billion of combined debts, bilateral term loans, and qualified buyer notes this year, to partially finance capital requirements and refinance existing debt. In a disclosure to the stock exchange on Wednesday, Feb. 21, ALI said its board of directors has approved to conduct a fundraising […] The post Ayala Land to raise up to P25 billion from debt notes, loan appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 21st, 2018

PBB to raise funding

PHILIPPINE BUSINESS Bank (PBB) is set to conduct capital-raising activities to capitalize on lending opportunities. In a disclosure to the Philippine Stock Exchange on Thursday, the Yao-led PBB said it will convert its existing preferred shares to common stocks “to further strengthen its balance sheet.” The bank’s planned conversion of preferred shares to common shares […].....»»

Category: newsSource:  bworldonlineRelated NewsFeb 16th, 2018

Metrobank plans stock rights offering

Ty family-led Metropolitan Bank & Trust Co. plans to raise fresh capital to expand its fast-growing loan book, riding on the country's strong macroeconomic prospects. In a disclosure to the Philippine Stock Exchange on Wednesday, the country's second biggest lender said its board had approved a stock rights offering of up to a maximum of 819.83 million common shares equivalent to the remaining unissued shares from it authorized capital stock. "Timing and size of the transaction are subject to other details such as the offer price and are subject to receipt of regulatory approvals as well as market and other conditions," the disclosure said. Metrobank, which has grown its lo...Keep on reading: Metrobank plans stock rights offering.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2018

Petron to raise $500M from offshore securities

PETRON Corp., the largest oil refining and marketing company in the Philippines, is seeking to raise $500 million from the sale of undated unsubordinated capital securities. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Petron said it had set an issue size of $500 million for the offering of US-dollar denominated senior [...] The post Petron to raise $500M from offshore securities appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

Record capital raising at PSE expected this year

By Krista A.M. Montealegre, National Correpondent ENCOURAGED by the positive economic outlook, corporates are expected to raise a record amount of capital from the stock market this year, even with a slowdown in initial public offerings (IPO), First Metro Investment Corp. (FMIC) said in a briefing on Thursday. Capital raising will accelerate by a third […] The post Record capital raising at PSE expected this year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 4th, 2018

Marcventures gets SEC go-signal to hike capital

MANILA, Philippines — The Securities and Exchange Commission has approved the increase in authorized capital stock of listed Marcventures Holdings Inc......»»

Category: financeSource:  philstarRelated NewsJan 2nd, 2018

Robinsons Land readies P20-B stock rights offer

ROBINSONS Land Corp. (RLC) said its board of directors has approved in principle the company’s plan to raise up to P20 billion in fresh capital from a stock rights offering. “RLC intends to use the majority of its net proceeds from the Offer to finance the acquisition of land located in various parts of the […] The post Robinsons Land readies P20-B stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 24th, 2017

PSE oks Del Monte Pacific’s $160M preferred shares offer

The Philippine Stock Exchange has approved a plan by Campos-led food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) to raise around $160 million from a new tranche of preferred shares offering. The offering - consisting of 16 million preferred shares priced at $10 each- started on Monday (Nov. 27) and will run until Dec. 8, based on an offering circular issued by the local stock exchange on Friday. Tentative listing date for the preferred shares is on Dec. 15. BDO Capital & Investment Corp. is the sole issue manager and together with China Bank Capital Corp., is also a joint lead underwriter and bookrunner for this issuance. This tranche is part of the shelf regi...Keep on reading: PSE oks Del Monte Pacific’s $160M preferred shares offer.....»»

Category: newsSource:  inquirerRelated NewsNov 24th, 2017

Finance: BDO raises P60 billion for capital buildup via stock rights offering

SY-LED BDO Unibank, Inc. (BDO) was able to raise P60 billion as planned from its stock rights offer after offshore and domestic players swarmed the bank's shares......»»

Category: financeSource:  bworldonlineRelated NewsJan 26th, 2017

SEC OK's Shakey's IPO, SMIC debt sale

THE SECURITIES and Exchange Commission (SEC) on Friday has approved the planned maiden capital raising of Shakey’s Pizza Ventures, Inc. at the stock exchange from which the full-service pizza restaurant expects to raise up to P5.484 billion......»»

Category: newsSource:  bworldonlineRelated NewsNov 18th, 2016