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Philippines eyes samurai bond issue in Q3

The Philippines is still keen on issuing samurai bonds by the end of the third quarter or early in the fourth quarter, as well as panda bonds next year despite the possibility of higher interest rates......»»

Category: financeSource: philstar philstarMay 2nd, 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

Gov’t eyes samurai bond offer by 2nd half

THE Duterte government is looking to issue its first yen-denominated bonds by September or October, the Department of Finance (DoF) said. “We will still go ahead with the samurai (bonds)… Because the Japanese calendar is different, it should be around September or October, the latter half of the (Japanese) fiscal year ending March,” Finance Secretary […] The post Gov’t eyes samurai bond offer by 2nd half appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 1st, 2018

Government eyes September or October for first samurai bond issue

THE Duterte government eyes to issue its first yen-denominated securities by September or October, the Department of Finance (DoF) said. Finance Secretary Carlos G. Dominguez III said the government will time the offer on the second semester of Japan’s fiscal year. “We will still go ahead with the Samurai…Because the Japanese calendar is different, it… link: Government eyes September or October for first samurai bond issue.....»»

Category: newsSource:  manilainformerRelated NewsMay 1st, 2018

Government eyes September or October for first samurai bond issue

THE Duterte government eyes to issue its first yen-denominated securities by September or October, the Department of Finance (DoF) said. Finance Secretary Carlos G. Dominguez III said the government will time the offer on the second semester of Japan’s fiscal year. “We will still go ahead with the Samurai…Because the Japanese calendar is different, it […] The post Government eyes September or October for first samurai bond issue appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 1st, 2018

NLEX eyes up to P6 billion bond issue

MANILA, Philippines — NLEX Corp. is planning to issue up to P6 billion in fixed rate bonds this year to refinance its maturing debt......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2018

AGI eyes $500 M from bond issue

MANILA, Philippines - Andrew Tan-led Alliance Global Group Inc.(AGI) is looking to raise $500 million from the issuance of dollar-denominated bonds later thi.....»»

Category: financeSource:  philstarRelated NewsMar 28th, 2017

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

ICC to inquire on raps vs Rody

ROQUE: MERE PROCESS TO DETERMINE BASIS President Duterte intends to defend himself, “if need be,” on the crimes against humanity charges that his opponents filed against him before The Hague-based International Criminal Court (ICC), presidential spokesman Harry Roque said yesterday. Roque, an international law expert, explained that the ICC’s recognition was simply a proceeding to determine if the case has basis to proceed or not.Roque said Malacañang has received ICC’s notice for a “preliminary examination” on the complaints filed by the lawyer of self-confessed Davao Death Squad (DDS) assassin Edgar Matobato, who is under the care of Duterte’s chief critic Sen. Antonio Trillanes IV.Roque said the 72-year-old Chief Executive is ready to submit himself before the proceedings once he is summoned to The Hague.“The President and I met about this extensively for two hours last night. The President welcomes the preliminary examination because he is sick and tired of being accused,” Roque told reporters. “Obviously, this is intended to embarrass the president. They will fail. The President said that if need be, he will argue his case before the ICC,” he added.Matobato’s counsel Jude Sabio, in April last year, submitted to the ICC a petition against Mr. Duterte on the basis of his apparent admission of “killing” suspected drug traffickers and criminals in Davao City when he was still its Mayor.By June, Trillanes and Magdalo Partylist Rep. Gary Alejano filed a supplemental complaint against the Chief Executive also at the ICC. The complaint is based on the series of extrajudicial killings attributed to the Duterte administration’s narcotics crackdown.Sabio, in a text message, claimed that the given development is already a victory on their end.“I feel so elated and vindicated. Finally, Mr. Duterte and his cohorts will face criminal investigation by the ICC prosecutor as a prelude to formal criminal investigation,” Sabio said. “It is a huge triumph toward justice. Duterte’s system of death squad killings that he continued in his war on drugs will be investigated and hopefully an arrest warrant will be issued against him and justice will be done,” he added.“I am confident that, based on my communication, as well as that of Sen. Trillanes’ and (Magdalo) Rep. (Gary) Alejano’s, we will hurdle this first big step, and hopefully a warrant of arrest will be issued soon by the ICC against Duterte and his cohorts,” he added. Critics overjoyedTrillanes, for his part, claimed that the ICC’s recognition of their complaint should remind Mr. Duterte that he is not above the law.“This development should jolt Duterte into realizing that he is not above the law. More importantly, this is the first step for the victims’ families’ quest for justice,” the senator said.But Roque said Trillanes and his group should not celebrate yet.“No one should claim victory… If they think the President has been indicted, they are so wrong,” he said.“There will be no formal investigation to be conducted in the country because at the level of the preliminary examination, where the Court does not include the budget for the prosecutor to come to the Philippines because it is not yet a preliminary investigation,” he said.“Now the objective is to determine if there is reasonable basis to proceed with the formal investigation,” he added.In Sabio’s complaint addressed to ICC chief prosecutor Fatou Bensouda, he said that the international criminal court’s action “would... be the beginning of the end of this dark, obscene, murderous and evil era in the Philippines.”“Crimes against humanity are crimes of universal jurisdiction, but where a State like the Philippines fails to assume such universal jurisdiction for crimes against humanity continuously being committed in its very own territory, then the International Criminal Court will have to intervene into a situation that is grave by any human standard,” Sabio said.“The grim statistics of more than 7,000 drug-related killings cannot be anything but grave, especially if viewed in the context of just seven months since Rodrigo Duterte became the President, compared to only about 3,000 committed during the 20-year Marcos regime. These more than 7,000 drug-related killings translate to roughly 1,000 killings per month,” he added.Two other opposition senators urged Malacañang, instead of criticizing this development, to deal with the issues being hurled at the President.“That shouldn’t come as a surprise considering the magnitude of deaths reaching thousands upon thousands in less than two years,” Sen. Francis “Kiko” Pangilinan.“This is the chance for the government to answer the accusations raised against them. There is no reason to be afraid if the administration is not hiding anything,” Sen. Bam Aquino said.Aquino said this should be a welcome opportunity for the administration to make their case to an unbiased and globally respected tribunal. Villarin wants Roque charged, tooAkbayan Rep Tom Villarin said the entry of the ICC into the issues raised against Duterte gives hope to the thousands killed under the latter’s war on drugs. “It is a welcome development and gives hope to thousands of EJK (extra judicial killings) victims that finally justice will be served,” Villarin said.“This will also hold President Duterte and other top officials involved in the bloody war against drugs accountable as well as it gives us an opportunity to implead other enablers of EJKs, including possibly Presidential Spokesman Harry Roque,” Villarin added.While the Akbayan lawmaker said that the investigation may not lead to Duterte’s puster, he said that it will be damning and damaging to his administration in the eyes of our people and the international community.“I am hopeful that people will now realize the truth and demand accountability from him with all constitutional options available,” Villarin said.Alejano said that the preliminary examination will determine whether there is sufficient evidence to warrant an investigation. “I hope that the preliminary examination will be allowed to carry on – unhindered and with full cooperation from concerned authorities, organizations, and personalities,” Alejano, one of those who brought the EJK issue before the ICC, said.“I am confident on the communication we sent to the ICC and strongly believe that President Duterte and those who perpetuate and defend this policy of killing should be held accountable before the law,” Alejano said. Angie M. Rosales, Gerry Baldo.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

$1-billion Samurai bond issue eyed in Q3 2018

The Philippine government plans to issue $1 billion worth of Samurai bonds or yen-denominated securities in the third quarter of the year, a top official of the Bureau of the Treasury said yesterday......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

Govt to borrow anew from small investors

The government is looking to raise money from small investors anew via a retail treasury bond (RTB) offering starting next week. “Please be advised that the Republic of the Philippines through the Bureau of the Treasury will issue peso-denominated three-year fixed rate retail treasury bonds in a minimum aggregate nominal principal amount of P30,000,000,000.00,” the [...] The post Govt to borrow anew from small investors appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

Philippines eyes new global bond sale for 2018

The government is planning to raise funds through another dollar-denominated global bond sale this year, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2018

Samurai bond offer still on – Dominguez

The government’s planned samurai bond offering will push through later this year, Finance Secretary Carlos Dominguez 3rd said. “[S]o far there is no indication on why we should not. We will still go ahead with the samurai [bond offering],” Dominguez told reporter. “[The issuance] should be around September or October,” he added. The Philippines last [...] The post Samurai bond offer still on – Dominguez appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 1st, 2018

LANDBANK eyes own bond exchange if PDS deal fails

STATE-RUN lender Land Bank of the Philippines (LANDBANK) may set up its own bond exchange if Philippine Dealing System Holdings Corp. (PDSHC) stakeholders continue to snub purchase offers. “We are not confiscating anybody’s shares. It’s up to them to sell it to us. If they don’t want to sell it, fine… It will be very […] The post LANDBANK eyes own bond exchange if PDS deal fails appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 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

PH all set for maiden panda bond offering

The Philippines will issue its first panda bonds today under a government initiative to expand the country’s funding sources and fuel a massive infrastructure initiative. The 1.46 billion worth of renminbi-denominated securities with a three-year tenor will be made available March 20 in the onshore Chinese bond market with a March 23 settlement date, the [...] The post PH all set for maiden panda bond offering appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 19th, 2018

Philippines starts $230-million panda bond issue

MANILA, Philippines — The Philippines is issuing today 1.46 billion renminbi ($230 million) worth of three-year panda bonds in the Chinese onshore market to.....»»

Category: financeSource:  philstarRelated NewsMar 19th, 2018

Rody eyes ‘endo’ compromise

MANILA, Philippines — A compromise on the issue of labor contractualization is being eyed by President Duterte, who admitted that he cannot force businesses.....»»

Category: newsSource:  philstarRelated NewsFeb 26th, 2018

San Miguel raising P30 billion to fund obligations, invest more

MANILA, Philippines – Listed San Miguel Corporation is raising up to P30 billion through a peso bond offering to refinance existing obligations and invest more in its existing businesses. In a filing with the Securities and Exchange Commission (SEC), San Miguel said it will issue ........»»

Category: newsSource:  rapplerRelated NewsJan 31st, 2018

Duterte eyes proclamation tagging CPP-NPA as terrorists

MANILA, Philippines – President Rodrigo Duterte announced on Saturday, November 18, that he plans to issue a proclamation tagging communist rebels as "terrorists." He also said he is "not anymore inclined" to pursue peace talks with the Communist Party of the Philippines (CPP) and its armed wing New People's Army (NPA). In ........»»

Category: newsSource:  rapplerRelated NewsNov 19th, 2017

P12-B RLC bonds keep top rating

MANILA, Philippines - Robinsons Land Corp.’s outstanding P12 billion bond issue kept its PRS Aaa rating from Philippine Rating Services Corp......»»

Category: financeSource:  philstarRelated NewsAug 26th, 2017