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Philippines
Tuesday, September 24, 2024

Jenniffer B. Austria

Ayala Land raises over P20b for sustainability

Property developer Ayala Land Inc. (ALI) raised P20.5 billion from its pioneering sustainability-linked financing (SLF) program. The funding package includes the P6 billion sustainability-linked bond...

BPI prices sustainability bonds at 6.2% annually

Bank of the Philippine Islands (BPI) pegged the interest rate for its 1.5-year peso-denominated fixed-rate bonds at 6.2 percent per annum. BPI said in a...

Market rises on stable peso, index nears 6,800 level

Philippine stocks closed this week’s trading in the green, closing slightly below the 6,800 level on the back of the recent peso appreciation against...

PDEx keeps P400-b bond listing target

The Philippine Dealing & Exchange Corp. (PDEx) is maintaining its P400-billion corporate bond listing target this year as more companies are expected to tap...

SMIC returns to bond market, raises $500m

Conglomerate SM Investments Corp. (SMIC) returned to the offshore bond market with the issuance of $500 million five-year US dollar-denominated bonds amid strong investors...

PSE index tops 6,700 level despite decline of Asian stocks

Philippine stocks breached the 6,700 level Thursday despite the decline in regional markets. The 30-company Philippine Stock Exchange index went up by 17.30 points, or...

Ayala Land eyes P14-b IFC loan for sustainable projects

Property developer Ayala Land Inc. (ALI) is finalizing a P14-billion sustainability linked-bonds with International Finance Corp. (IFC) to fund projects with sustainable features. ALI chief...

Alliance Global announces P75-b capex budget for 2024 to support expansion

Alliance Global Group Inc. (AGI) of businessman Andrew Tan earmarked P75 billion for 2024 capital expenditures, up 19 percent from P63 billion it spent...

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