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Phoenix raises $2B from debt issue

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phoenix-petroleum

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 »

UBP raising up to P10B via retail notes offering

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Aboitiz-led Union Bank of the Philippines has obtained the nod of the Bangko Sentral ng Pilipinas for its plan to raise as much as P10 billion from a retail offering of debt notes qualifying as tier 2 or supplementary capital under the Basel 3 framework.

Posted: October 3rd, 2014 in Headlines | Read More »

IMI eyes sale of shares

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Integrated Micro-Electronics Inc., the semiconductor and electronics manufacturing arm of the Ayala Group, is selling as much as P3 billion in shares this year at a premium to its market value to fund its expansion and a possible refinancing of debt.

Posted: September 26th, 2014 in Headlines | Read More »

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