Ayala Land raising P10B from bonds offer 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.
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.
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.