Published April 13, 2021, 5:10 PM
Leading oil firm Petron Corporation will be tapping the capital market for fresh round of US$550 million worth of senior perpetual securities issuance, the proceeds of which will be used for the company’s settlement of financial obligations falling due and to fund operations as well as programmed projects.
Tapped as sole global coordinator has been HSBC; while joint lead managers and joint bookrunners for the issue would be DBS Bank; HSBC; MUFG; SMBC Nikko; Standard Chartered Bank and UBS.
The domestic lead managers are BDO Capital & Investment Corporation, China Bank Capital Corporation and PNB Capital and Investment Corporation.
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Local mergers and acquisitions portray businessesâ confidence 08:00 | 09/04/2021
Local mergers and acquisitions portray businessesâ confidence
In January, seafood processing company Vinh Hoan Corporation scooped up 51.29 per cent stake in Sa Giang Import Export Corporation. The company spent nearly $15.2 million buying 3.56 million shares from State Capital Investment Corporation which held Sa Giangâs stake.
Vinh Hoan is also preparing to purchase 25.43 per cent of Sa Giang from four individual investors to raise its ownership to 76.72 per cent. Sa Giang produces instant noodles and crackers made from crab and squid. The company exports its products to Europe, especially Germany and the Netherlands, as well as some Asian countries.
Published March 17, 2021, 5:00 AM
Aboitiz Power Corporation has secured the approval of the Philippine Dealing and Exchange Corporation (PDEx) for the listing of its P8.0 billion Series ‘A’ bond issuance, which has an allotment for oversubscription.
“The PDEx approval paves the way for the secondary market trading of the Series ‘A’ bonds, with a fixed interest rate of 3.8224% per annum,” the company has stated in its disclosure to the Philippine Stock Exchange.
The bond issue is to mature in 2026; and this is part of the P30 billion fixed rate retail bonds that Aboitiz Power had registered with Securities and Exchange Commission (SEC) on March 1 this year.
SunStar The Asset names BDO 2020’s Best Bank in the Philippines
MANILA. BDO Unibank Inc. and BDO Capital & Investment Corporation were recognized in the recent The Asset Triple A Country & Regional Awards. Among these prestigious accolades are the Best Bank in the Philippines for BDO in the country awards and the Best Local Currency Green Bond for BDO Capital in the regional awards. (Contributed photo)
+ March 10, 2021 BDO Unibank (BDO) was named the Best Bank in the Philippines for the 8th consecutive year during The Asset Triple A Country Awards 2020, which recognizes Asian issuers and global institutional investors for excellence in banking, finance, treasury, and the capital markets.