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4 banks funding PAL buyback

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The group of tycoon Lucio Tan is raising $780 million to cement control of flag carrier Philippine Airlines (PAL) through a bridge financing from four big local banks, with the bulk to come from banks led by the family of taipan Henry Sy.

Posted: September 10th, 2014 in Headlines | Read More »

Vista Land eyes return to dollar debt market

Villar-led property developer Vista Land & Lifescapes is returning to the US dollar debt market to raise fresh funds for expansion with the issuance of new five-year debt notes.

Posted: September 4th, 2014 in Headlines | Read More »

Max’s chain eyes P4.6B via new issue

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Leading casual dining restaurant chain Max’s Group Inc. is planning a P4.6 billion follow-on offering after its landmark consolidation with publicly listed Pancake House Inc., bringing to public hands about 30 percent of its shares.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

RCBC completes issuance of debt notes worth P3B

SCREENGRAB from www.rcbc.com

Rizal Commercial Banking Corp. has completed ahead of schedule a P3-billion fund-raising exercise through the issuance of debt notes qualifying as tier 2, or supplementary capital.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

Trans-Asia Petroleum to raise P500M from special rights offer

CIP II Power Corp., a wholly owned subsidiary of Asia Oil and Energy Development Corp., has finally begun the commercial operation of its 21-megawatt diesel-fed power plant in Bacnotan, La Union.

Trans-Asia Petroleum Corp. targets to raise as much as P500 million from the conduct of a special rights offering between the fourth quarter of this year to the first quarter of 2015, following its debut at the Philippine Stock Exchange (PSE) on Thursday.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

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