In celebration of its 74th anniversary, Security Bank Corp. rallied more than 1,000 employees and their families in a purpose-driven campaign to support public school education through the Security Bank Foundation Inc. (SBFI).
The Aboitiz family-led Union Bank of the Philippines is raising at least P10 billion, tapping the debt market anew with a fresh offering of 1.5-year and 3-year peso bonds, priced at 5.88 percent and 6.02 percent per annum, respectively.
Property giant Ayala Land Inc. is borrowing P55 billion this year to pay off old debts and bankroll new projects as it pushes to grow faster than the economy.
The Ayala Group’s Globe Telecom secured P10 billion each from BDO Unibank and Metropolitan Bank & Trust Co. to fund network expansion, debt refinancing, and corporate needs.
SMAC, the loyalty program of SM, raised nearly P30 million in just about two months, from December 2023 to January 2024, to help fight involuntary hunger and improve access to quality education across the Philippines.
Conglomerate Ayala Corp. successfully raised P15 billion from the sale of preferred shares, which was “heavily oversubscribed” by fixed-income investors.
Davao-based tycoon Dennis A. Uy’s DITO CME Holdings is aiming to finish its follow-on share sale by the first week of December, company president Donald Lim said.
Ayala Corp. secured a $200-million long-term loan from Metropolitan Bank & Trust Co. to support its strategic investments in technology, health, logistics, and mobility.