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Gaming firm raises P5.6B via sale of shares

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Gaming firm Bloomberry Resorts Corp. has raised P5.6 billion from the sale of shares through a “top-up” equity offering priced at P13 per share.

Posted: November 12th, 2014 in Headlines | Read More »

Megawide secures SEC nod for P7B issuance

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Construction and engineering group Megawide Construction Corp. has obtained the approval of the Securities and Exchange Commission (SEC) to raise as much as P7 billion from the sale of preferred shares, boosting funds for its big-ticket infrastructure projects.

Posted: November 10th, 2014 in Latest Business Stories | Read More »

Phoenix raises $2B from debt issue

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Phoenix Petroleum Philippines, Inc., the country’s leading independent oil company, has completed a $2-billion issuance of short-term commercial papers to bankroll expansion plans.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Del Monte to issue shares

Del Monte Pacific Ltd. (DMPL) is launching a follow-on offering this week, as part of a series of fund-raising activities to cut debt stock arising from its big US acquisition.

Posted: October 15th, 2014 in Headlines | Read More »

Metrobank offers P5B in LTNCDs

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FILE PHOTO

Local banking giant Metropolitan Bank and Trust Co. launched on Tuesday an offering of least P5 billion worth of long-term negotiable certificates of deposits (LTNCD), taking advantage of ample liquidity in the financial market to generate long-term funding.

Posted: October 8th, 2014 in Headlines | Read More »

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  • Editorial cartoon, November 27, 2014
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  • Global Nation

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