Buy more PH bonds, investors told (Short-term debt securities preferred by Barclays Bank)

Investors are advised to go for shorter-term Philippine securities to offset potential losses due to foreign exchange risks and amid an expected increase in the attractiveness of Asian bonds, according to Barclays Bank. Barclays said in research note that, in the near term, it remains upbeat on bonds from emerging markets in Asia, such as […]

Philippine Bonds Gain on Rate-Cut Outlook, Debt Swap; Peso Rises

Philippine bonds gained this week on speculation the central bank will reduce interest rates further, and after the government said it is considering swapping debt for shorter-dated securities. The peso rose. Governor Amando Tetangco said Aug. 1 the nation’s inflation outlook allows more room for policy action, if needed. Bangko Sentral ng Pilipinas cut the […]

Phoenix Petroleum to issue P500-M in notes for capital

Independent oil company Phoenix Petroleum Philippines will issue P500 million convertible notes with a warrant offering amounting to P180 million under Banco de Oro Universal Bank, Phoenix said Monday. The corporate notes are exempted from registration with the Securities and Exchange Commission, the firm noted in a statement with the Philippine Stock Exchange. The corporate […]

SM Investments ups retail bond volume to meet demand

SM Investments Corporation increased its retail bond issue to P15 billion from P10 billion due to strong demand from retail and institutional investors, the company said in a disclosure Monday. The bond issue consist of 6 percent series C bonds due 2019 and 6.9442% Series D Bonds due 2022, SM Investments noted in a disclosure […]

SMIC launches P10B bond offer

sm investment corp

SM Investments Corp. launched Wednesday an offering of P10 billion worth of retail bonds to fund the firm’s expansion of office and hotel property businesses. In a statement, SMIC said the offering of seven- and 10-year bonds, which can be increased to P15 billion, would run until July 6 this year. The launch came after […]

San Miguel seeks SEC approval for P80B fund-raising plan

San Miguel Corporation

San Miguel Corp. has sought the Securities and Exchange Commission’s approval for its plan to offer preferred shares worth as much as P80 billion, which would be the largest fund-raising activity in the local capital market. In a registration statement filed with the SEC, the conglomerate unveiled a plan to offer 960 million to a […]

Manila Water gets top debt score for good liquidity, capitalization

EAST ZONE water concessionaire Manila Water Co., Inc. has been assigned the highest corporate rating by local debt watcher Philippine Rating Services Corp. (PhilRatings). Manila Water was assigned a PRS Aaa rating for its “very strong capacity to meet financial obligations relative to other Philippine corporations.” The ratings firm cited Manila Water’s alleged proactive management […]

SMIC’s P10B retail bonds fetch 6-6.9% coupon rates

sm investment corp

MANILA, Philippines—Publicly listed SM Investments Corp. on Wednesday set the interest rates for its peso-denominated retail bond issue, proceeds from which will be used for the expansion of its office and hotel businesses. In a disclosure to the Philippine Stock Exchange, the flagship holding firm of tycoon Henry Sy Sr. said those investing in its […]

SM Investments Sets Interest Rates For PHP10 Billion Retail Notes

Philippine conglomerate SM Investments Wednesday fixed the interest rate for its PHP10 billion peso-denominated retail bonds at 6.0% for the seven-year notes and 6.9442% for the 10-year paper. The notes will be offered from June 27 to July 6 and are set to be issued July 16, the company said in a statement to the […]