LAST month, the Securities and Exchange Commission (SEC), through SEC Memorandum Circular 9, Series of 2019, or the Guidelines on the Issuance of Social Bonds under the Asean Social Bonds Standards in the Philippines, successfully facilitated the issuance by ASA Philippines Foundation Inc. of gender bonds as social bonds, a historic issuance of the first-ever gender bonds in the Philippines. Asean is the Association of Southeast Asian Nations.
THE Bank of the Philippine Islands (BPI) announced last Wednesday it is at the final stages of its planned offering of 1.5-year peso fixed-rate bonds due 2024 that the lender calls the “BPI Reinforcing Inclusive Support for MSMEs Bonds,” or “BPI RISE Bonds.” The lender said it has received confirmation…
AYALA-led Bank of the Philippine Islands (BPI) intends to raise P5 billion from its peso fixed rate bonds to help finance or refinance the business requirements of eligible Micro, Small and Medium Enterprises (MSMEs). In a disclosure to the Philippine Stock Exchange (PSE), BPI said its “Reinforcing Inclusive Support for…