The Lopez family-led Rockwell Land Corp. is eyeing the sale of up to P20 billion in bonds, its first foray into the debt market in 12 years, to help fund its capital spending program.
Security Bank Corp. (SECB) is strengthening its lending firepower and broadening its funding base through a new peso bond sale worth at least P5 billion.
DoubleDragon Corp., the property giant backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is closing its P10.9-billion “Double-Seven” peso retail bond sale at 5:00 p.m. today amid strong demand.
Tycoon Ramon S. Ang-led Petron Corp. convinced nearly 70 percent of holders of its $550-million perpetual securities to join an exchange and tender offer in Singapore, a move that underscores investor backing for its capital restructuring plan.
SM Prime Holdings Inc. is lining up a P17 billion peso bond sale after successfully raising $350 million (about P20 billion) from its first-ever US dollar issue.
Philippine Rating Services Corp. (PhilRatings) has reaffirmed its PRS Aa rating with a Stable Outlook on Megawide Construction Corp.’s P9 billion bonds, pointing to solid earnings momentum and a growing infrastructure portfolio.
DoubleDragon Corp., the developer backed by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, will issue up to P10.9 billion in “Double-Seven” peso retail bonds in September this year.
The Sy family-led BDO Unibank Inc. set a new benchmark by raising P115 billion in its latest bond sale, achieving the largest capital markets raise in Philippine history and surpassing tycoon Ramon S. Ang’s P80-billion preferred share sale in 2012.
Petron Corp. has raised P32 billion through its latest bond offering, signaling strong investor support as it wraps up a multi-year P50-billion capital program.