The local stock market closed almost flat after trading sideways most of the day due to the absence of fresh market moving news. The main index shed 1.31 points or 0.02 percent to close at 7,190.86 as the Services sector led the retreat while the Mining and Oil and Property counters managed to adva
CA upholds MB decision to charge former RCBC Bacolod branch manager
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Published July 10, 2021 11:14am Bangko Sentral ng Pilipinas’ Monetary Board has approved a total of $2.80 billion of the public sector’s foreign borrowings in the second quarter of 2021. But the BSP noted that the approved foreign borrowings was 59% lower than the $6.84 billion borrowed in the same period in 2020. According to the BSP, government’s external loans during the period consist of one euro-denominated bond issuance amounting to €2.10 billion, and one project loan amounting to $300 million. “These foreign borrowings will fund the: (a) national government’s general financing requirements (€2.10 billion); and (b) COVID-19 pandemic response, covering vaccine procurement and distribution ($300 million),” the BSP said.
BusinessWorld
January 13, 2021 | 12:02 am
ASIA UNITED Bank Corp. (AUB) will allow the early redemption of its unsecured 10-year Tier 2 notes maturing in 2025 following approval from the central bank.
“Notice is hereby given by AUB to its noteholders exercising the early redemption option and hereby redeems all of the outstanding notes amounting to P5 billion on the redemption date,” it said in a filing with the local bourse on Tuesday.
“AUB shall pay the redemption amount, which shall be 100% of the face value of the notes plus accrued and unpaid interest to all noteholders as of book closure date,” AUB said.
The bank said the Bangko Sentral ng Pilipinas’ Monetary Board approved the early redemption option for the notes in its Resolution No. 1263 dated Oct. 3.
Published December 14, 2020, 5:03 PM
The national government has successfully sold P20-billion treasury bills today, the Bureau of the Treasury said.
At an auction, interest rate of three-month debt papers slightly inched up from 1.015 percent last week to 1.022 percent, allowing the government to raise P5 billion as planned. Investors offered to buy P15.218 billion worth of the notes.
Meanwhile, the six-month yield also rose to 1.400 percent from 1.399 percent a week ago as total bids reached P14.84 billion, nearly three-times the P5 billion offer.
On the other hand, the one-year rate declined to 1.686 percent compared with 1.695 percent in the previous week.
The government’s proceeds from the 364-day papers reached P10 billon with total offers of P44.941 billion.
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