Sy-led SM Prime Holdings Inc. (SM Prime), a leading integrated property developer in Asia, has decided to defer its planned bond offering worth up to ₱18 billion until further notice due to adverse market conditions. The firm informed the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
Filinvest Land Inc. (FLI), one of the Gotianun Group’s property development arms, has successfully raised ₱9 billion through its latest retail bond issuance, which was three times oversubscribed. The firm said in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, June 3, that...
Maynilad Water Services, Inc. has retained its top rating of PRS Aaa, with a Stable Outlook, from the Philippine Rating Services Corp. (PhilRatings) for its outstanding blue bonds amounting to ₱15 billion. Obligations rated PRS Aaa are considered of the highest quality with minimal credit risk,...
A Brown Co. Inc. is seeking to raise as much as ₱5 billion through its first-ever bond issuance to accelerate a pivot into renewable energy and broaden its real estate portfolio. A Brown, a developer known for its extensive footprint in Mindanao, filed a registration statement with the Securities...
SM Prime Holdings Inc. (SM Prime), one of Asia’s largest integrated property developers, is planning to raise ₱18 billion from a planned bond issuance to refinance maturing obligations and fund capital expenditures (capex). Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
Po-led upscale developer Arthaland Corp. has maintained its issue credit rating of PRS Aa, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding green bonds amounting to ₱3 billion, due to its growth trajectory. Obligations rated PRS Aa are of high quality...
Philippine Rating Services Corp. (PhilRatings) is maintaining its top-tier credit rating for Vista Land & Lifescapes Inc., moving to distance the homebuilder from a criminal complaint filed by regulators against a separate entity within billionaire Manuel Villar Jr.’s business empire. The local...
Affordable housing developer Haus Talk Inc. (HTI) has raised ₱1.8 billion from its fixed-rate bond issuance, upsized from its base offer of ₱1 billion, although its oversubscription option of another ₱1 billion was not fully taken up. Following this, the firm listed the bonds at Philippine...
Rockwell Land Corp., the Lopez Group’s upscale property developer, has successfully raised ₱10 billion from the first tranche of its ₱20-billion bonds under the shelf-registered program of the Securities and Exchange Commission (SEC). In a disclosure to the Philippine Stock Exchange (PSE) on...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Citicore Energy REIT Corp. (CREIT) secured a high-grade issuer credit rating from Philippine Rating Services Corp. due to its robust financial position amid aggressive expansion of its green asset portfolio. PhilRatings assigned an issuer credit rating of PRS Aa plus (corp.) to the Philippines’...
Filinvest Land Inc., the real estate arm of the Gotianun family’s conglomerate, received the highest possible credit rating from Philippine Rating Services Corp. (PhilRatings) for its planned ₱11.57 billion bond offering. PhilRatings said the property developer was assigned a PRS Aaa rating...
