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Gov’t prepares for dual-tranche benchmark-sized dollar bond sale

Credit watchers S&P Global Ratings, Fitch Ratings and Moody’s Investors Service on Wednesday assigned investment-grade scores to the Philippine government’s proposed dual-tranche and benchmark-sized US dollar-denominated bond offerings that will mature in 2031 and 2045.The proceeds from the bond issuances are intended for general purposes, including budgetary support.  The Bureau of the Treasury did not […].....»»

Category: newsSource: balita balitaDec 3rd, 2020

Gov& rsquo;t prepares for dual-tranche benchmark-sized dollar bond sale

Credit watchers S&P Global Ratings, Fitch Ratings and Moody’s Investors Service on Wednesday assigned investment-grade scores to the Philippine government’s proposed dual-tranche and benchmark-sized US dollar-denominated bond offerings that will mature in 2031 and 2045......»»

Category: newsSource:  inquirerRelated NewsDec 2nd, 2020

PH bond sale raises $2.75b on strong investor demand

The government raised $2.75 billion from the international capital market this week with its offering of dual tranche 10.5-year and 25-year global bonds, the Department of Finance said Thursday......»»

Category: financeSource:  thestandardRelated NewsDec 4th, 2020

Globe back offshore; raises $600-M from bonds sale

Telecommunications giant Globe Telecom Inc. on Friday said it raised $600 million from the issuance of dual-tranche US dollar-denominated bonds, proceeds from which will be used to fund the company's spending plans and pay maturing debts......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2020

PLDT raises record $600 million bonds

Telecommunications giant PLDT Inc. has made a triumphant return to the international bond market after nearly two decades of absence as investors swarmed its dollar-denominated 10-year and 30-year dual-tranche offering......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2020

Philippines borrows P145.9 billion in new US dollar bond sale

The Philippines raised around P145.9 billion in new debt during its third fund raising activity offshore this year, as the Duterte administration continues to search for more cash to fund ballooning pandemic expenses......»»

Category: financeSource:  philstarRelated NewsJun 29th, 2021

UnionBank bond offer 3x oversubscribed

Aboitiz-led Union Bank of the Philippines has raised P9 billion from its dual tranche offering of fixed-rate bonds to augment its funding base and finance expansion plans......»»

Category: financeSource:  philstarRelated NewsDec 3rd, 2020

Jollibee raises $600m from int& rsquo;l market

Restaurant operator Jollibee Foods Corp. said Friday it raised $600 million from the issuance of dual tranche US dollar-denominated guaranteed senior notes......»»

Category: newsSource:  inquirerRelated NewsJun 20th, 2020

IFC makes $150 million investment in UnionBank’s first social bonds

The International Finance Corp. is investing $150 million in the first social bond to be issued by Aboitiz-led Union Bank of the Philippines to help micro, small and medium-sized enterprises severely affected by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2021

Gov’t Eyes Stricter Measures vs. COVID-19 Delta Variant

The national government is looking into the implementation of stricter health protocols as the country prepares for the local transmission of the COVID-19 Delta variant as cases are now being detected in the country. President Rodrigo Duterte said in his pre-recorded “Talk to the People” Monday night that the reported local cases of serious alarm […].....»»

Category: newsSource:  metrocebuRelated NewsJul 23rd, 2021

EU prepares to send petrol cars to the scrap heap

BRUSSLES, Belgium—The European Commission wants to end the sale of new petrol and diesel cars by 2035, under a massive plan to fight climate change unveiled Wednesday......»»

Category: sportsSource:  abscbnRelated NewsJul 15th, 2021

Petron [PCOR] board votes to file shelf registration for P50-B bond sale

Oil giant Petron disclosed yesterday that it would file the registration statement and prospectus with the SEC for the sale of P50 billion in fixed-rate bonds by way of shelf registration......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2021

Government sets $500 million bond offer to augment budget

The government is set to offer at least $500 million in dollar-denominated bonds or about half of its total target to raise funds to support the remaining budget requirements for the year......»»

Category: financeSource:  philstarRelated NewsJun 28th, 2021

Debt raised from samurai bonds sale boosts Philippine dollar position in April

Proceeds from the government’s recent sale of “samurai” bonds gave the Philippines its first dollar surplus for the year in April, the Bangko Sentral ng Pilipinas reported Wednesday......»»

Category: financeSource:  philstarRelated NewsMay 26th, 2021

Philippines borrows over P122 billion in largest euro bond sale

The Philippine government successfully raised €2.1 billion in new debt......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2021

ADB raises $2 billion from bond issue

Manila-based Asian Development Bank has raised $2 billion from a 10-year dollar bond issuance, the proceeds of which will form part of its ordinary capital resources......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2021

Premyo Bonds 2 Sale Hits P6.56-B

Availments for the second issuance of Premyo bonds have reached PHP6.56 billion, surpassing both the target and last year’s sale. In her speech during the last quarterly draw for the initial Premyo bond, National Treasurer Rosalia de Leon said gains from the second issuance exceeded the PHP3-billion initial target and the PHP4.96 billion sold in […].....»»

Category: sportsSource:  abscbnRelated NewsDec 20th, 2020

AC Energy raises $300M from green dollar bond issue

AC Energy and Infrastructure Corp., formerly AC Energy Inc., the energy platform of Ayala Corp., said Friday it issued US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bonds worth $300 million......»»

Category: financeSource:  thestandardRelated NewsNov 28th, 2020

Gov’t raises P30 B from bond sale

The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction. The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent. Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers. Gov’t raises P30 B from bond sale The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction. The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent. Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers......»»

Category: newsSource:  inquirerRelated NewsNov 4th, 2020

PRA to benchmark average global retiree age

Tourism Secretary Bernadette Romulo-Puyat has ordered the Philippine Retirement Authority to conduct a benchmarking on the average retirement age in other countries, as the PRA prepares to review and amend some of its policies......»»

Category: newsSource:  philstarRelated NewsOct 27th, 2020

Del Monte to start P7.5 billion bond sale

Del Monte Philippines Inc. will commence the offer period for its P7.5 billion bond sale on Monday......»»

Category: financeSource:  philstarRelated NewsOct 17th, 2020