Published December 21, 2020, 5:30 AM
Aboitiz Power Corporation is planning to raise up to P8 billion from a proposed bond issuance as the initial tranche of its new three-year Shelf Registration of up to P30 billion.
The firm is planning to offer bonds worth up to P4 billion with an oversubscription option of up to P4 billion to refinance the Company’s corporate debts and for other general corporate purposes.
Philippine Rating Services Corporation (PhilRatings) has assigned the planned bond float its highest Issue Credit Rating of PRS Aaa with a Stable Outlook.
Aboitiz Power also maintained the Issue Credit Rating of PRS Aaa and a Stable Outlook for AboitizPower’s outstanding P40 billion bonds.
December 18, 2020 | 6:37 pm Font Size
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SM Prime Holdings, Inc. on Friday said it is planning to issue up to P10 billion in fixed-rate bonds.
In a disclosure to the stock exchange, SM Prime said it has filed an application with the Securities and Exchange Commission (SEC) for a permit to sell the fixed-rate bonds.
This will be the second tranche of bonds that are part of the company’s three-year debt securities program of up to P100 billion. The shelf registration of the bonds was approved by the SEC on Feb. 12, 2020.
SM Prime said it seeks to issue P5 billion in bonds, with an oversubscription option of up to P5 billion. The bonds will have maturities of 2.5 years and 5 years.
Published December 18, 2020, 5:19 PM
SM Prime Holdings Inc. is planning to raise up to P10 billion from the issuance of bonds representing the second tranche of its Three-year Shelf Registration Debt Securities Program (DSP) of up to P100.0 billion
Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest issue credit rating of PRS Aaa to SM Prime’s (SMPH) proposed bond issue of P5.0 billion, with an oversubscription option of up to P5.0 billion. The rating has a Stable Outlook.
PhilRatings has also maintained its PRS Aaa credit rating and its Stable Outlook for SMPH’s outstanding Series B to Series L fixed-rate bonds, with a total amount of P100.0 billion.
Published December 15, 2020, 3:45 PM
The Issue Credit Rating for Arthaland Corporation’s (ALCO) P3.0 billion Fixed-rate ASEAN Green Bonds has been upgraded by Philippine Rating Services Corporation (PhilRatings) to PRS Aa,from PRS Aa minus.
AStable Outlook was likewise assigned to the rating for the initial issuance in relation to the Company’s 3-year Shelf Registration of up to P6.0 billion.
Obligations rated PRS Aaare of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitment on the obligation is very strong.
PhilRatings said the rating and outlook were assigned given the clear strategic direction, resulting in global recognition as a real estate developer of dual certified (locally and internationally) green projects in the Philippines, leading to continued interest in its products.
Published December 14, 2020, 3:23 PM
The San Miguel group’s South Luzon Tollway Corporation has retained the highest PRS Aaa issue credit rating with a stable outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding Fixed-rate bonds of P4.9 billion.
SLTC was incorporated primarily to engage in the rehabilitation, construction and expansion of the South Luzon Expressway (SLEX).
Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong.
AStable Outlook, on the other hand, indicates that ratings are likely to be maintained or to remain unchanged in the next 12 months.