The dual-tranche P5-billion ASEAN green bonds issuance of Lopez-led Energy Development Corporation (EDC) has been rated as the “best local currency green bond” by the Triple A Awards 2021, which is part of The Asset, a financial multi-media group. In a statement to the media, EDC noted that the
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of stock brokerage firm CTS Global Equity Group, Inc. worth up to P1.38 billion. The Commission En Banc resolved to render effective the registration statement of CTS Global covering 6.88 billion common shar
MANILA - The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by CTS Global Equity Group, Inc. for up to PHP1.375 billion. In its March 10 meeting, the commission en banc resolved to render effective the registration statement of CTS Global covering 6.875 billion common shares, subject to the company's compliance with certain remaining requirements. CTS Global will offer to the public up to 1,375,000,000 common shares priced at up to PHP1 per share, to be listed on the Small, Medium, and Emerging Board of the Philippine Stock Exchange, Inc. (PSE). Net proceeds from the offering are expected to amount to about PHP1.35 billion, which the company will use for the scaling of its global trading operations, client account management expansion, and general corporate purposes. CTS Global engages in the trading of equities as a broker-dealer for the Philippine market, as well as global markets including the United States, China, Hong Kong,
Agri machinery provider Ada Manufacturing Corporation raises P1 0-billion pesos from DBP and Security Bank mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Leading agricultural machines and equipment dealer Ada Manufacturing Corp. (ADAMCO) has successfully raised P1 billion via the issuance of notes supported by state-run Development Bank of the Philippines and Security Bank Corp.The proceeds of the fund raising activity via the issuance of five-year corporate notes arranged by GIV Capital Holdings Corp. will be used to finance ADAMCO’s capital expenditure and working capital requirements related to the development of its branch network.