THE day started auspiciously last Monday at the Philippine Dealing and Exchange Corporation (PDEX) with the listing of the Bank of the Philippine Islands (BPI)
Published December 18, 2020, 12:55 PM
SL Agritech Corporation (SLAC), the country’s biggest hybrid rice seeds producer, has returned to the local debt market to raise P2 billion, capping this year’s listing at the country’s bond bourse, Philippine Dealing & Exchange Corp. (PDEx).
As a result, PDEx President and Chief Operating Officer Nino Nakpil said that despite the COVID-19 pandemic, the total debt issuance at the bond bourse this year still rose to a record of P388 billion, surpassing last year’s total listing of P375 billion.
“This is good momentum for next year,” Nakpil said during the virtual listing ceremony for SLAC’s newest commercial paper issuance worth P1.57 billion.