The Sy family-led property giant SM Prime Holdings is preparing to raise up to P25 billion through the sale of fixed-rate peso bonds ahead of plans to expand its real estate footprint in 2025.
Key initiatives include the Bureau of the Treasury’s recent introduction of procedures that allow residents from 43 countries covered by tax treaties to pay only the agreed treaty rate without needing to seek refunds. This change is expected to simplify processes and encourage foreign investments.
Taipan Lucio Tan’s Philippine National Bank is planning to raise funds through a US dollar-denominated sustainability bond offering, which will be taken from its $2-billion Euro Medium Term Note program.