More financing options for PH companies
By Ditas B. LopezPhilippine companies are increasingly tapping the retail bond market, establishing a reliable source of funding while giving investors an opportunity to make their money work.
Philippine companies are increasingly tapping the retail bond market, establishing a reliable source of funding while giving investors an opportunity to make their money work.
SM Investments Corp. has increased its retail bond issue to P15 billion from the initial size of P10 billion due to strong demand from both retail and institutional investors. The issue consists of Series C bonds due 2019 and Series D bonds due 2022.
First Metro Investment Corp., the investment banking arm of the Metrobank group, plans to raise P5 billion from the offering of additional retail bonds in the second semester to fund expansion plans.
SM Investments Corp. launched Wednesday an offering of P10 billion worth of retail bonds to fund the firm’s expansion of office and hotel property businesses.
Publicly listed SM Investments Corp. on Wednesday set the interest rates for its peso-denominated retail bond issue, proceeds from which will be used for the expansion of its office and hotel businesses.
Gotianun-led Filinvest Land Inc. (FLI) has completed its P7-billion retail bond issue and is set to list the securities on the local fixed-income exchange Philippine Dealing and Exchange Corp. (PDEx) on June 8.
The Ayala group has lined up another bond offering for the year to take advantage of the country’s highly solvent debt market to access cheap funds.
Property developer Filinvest Land hopes to raise P11 billion from the sale of seven-year retail bonds in two tranches this year.
Beer-maker SAN Miguel Brewery listed on Monday P17 billion worth of long-term retail bonds on fixed income exchange Philippine Dealing & Exchange Corp. (PDEx).
Philippine companies are increasingly tapping the retail bond market, establishing a reliable source of funding while giving investors an opportunity to make their money work.
First Metro Investment Corp., the investment banking unit of the Metrobank group, plans to debut in the local bond market by October with an offering of as much as P7 billion worth of retail bonds. FMIC has obtained approval from its board to float the bonds, the company told the Philippine Stock Exchange Friday. “This [...]
