The Philippine Stock Exchange (PSE) has taken a major leap toward consolidating the country’s capital markets by acquiring 91.04 percent of Philippine Dealing System Holdings Corp. (PDS Group), the operator of the Philippine bond market and securities depository.
Tycoon Ramon S. Ang-led conglomerate San Miguel Corp. (SMC) is returning to the bond market with the sale of up to P20 billion in debt, further strengthening its balance sheet.