REFILE-UPDATE 1-Vietnam Airlines to issue $346 mln in shares to support recovery reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
2:26 PM MYT
File pic: A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam. - Reuters
HANOI: Flag carrier Vietnam Airlines said on Tuesday it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.
The issuance will be completed by June next year after the carrier received approval from the authorities. All capital raised would pay off outstanding debts, its chairman Dang Ngoc Hoa said at a regular shareholder meeting.
CitySavings makes P5B in debt paper offer | Inquirer Business inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
December 23, 2020 | 12:02 am Font Size
A branch of City Savings Bank, Inc. is seen this file photo. BW FILE PHOTO
CITYSAVINGS Bank, Inc. has raised P5 billion from its corporate note issuance meant to finance its asset expansion.
Some P1.5 billion out of the issuance will mature in three years, while the remaining P3.5 billion were notes with a tenor of five years, CitySavings Bank’s listed parent UnionBank of the Philippines, Inc. said in a filing with the local bourse on Tuesday.
The offer was oversubscribed as the notes were met with robust demand from financial institutions, the listed bank said.
ABOITIZ Power Corp. is seeking the Securities and Exchange Commission’s (SEC) approval for the sale of retail bonds worth up to P30 billion.
In a disclosure, AboitizPower said it filed Monday a registration statement for its proposed fixed-rate retail bonds amounting to P30 billion under the shelf registration program of the SEC.
The first tranche of bonds, worth up to P4 billion and with an oversubscription option of up to P4 billion, is expected to be issued in the first quarter of 2021.
“AboitizPower expects to issue subsequent tranches of the Bonds under this shelf registration statement, as the need arises and as market conditions permit,” it added.