BDO Unibank Inc., the financial services arm of the SM Group, has upsized its second ASEAN Sustainability Bond issue by more than 12 times to raise P63.3 billion, its largest single issuance so far, on the back of strong demand from retail and institutional investors. In a disclosure to the...
Renato A. Vergel De Dios, President and CEO of BDO Life Assurance Company, Inc. (BDO Life). The Philippine Insurance Commission (IC) recently reported that the life insurance sector’s total premium revenues of P229.9 billion through the third quarter of 2023, with Annual Premium Equivalent (APE)...
BDO Unibank Inc., a member of the SM Group, has shortened the offer period for its second ASEAN Sustainability Bond issue worth an initial P5 billion and closed it on Jan. 16, 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the offer was backed by strong demand...
BDO Unibank, Inc., a member of the Sy family’s SM Group, is again issuing Peso-denominated Fixed-Rate ASEAN Sustainability Bonds with a minimum aggregate size of P5 billion. In a disclosure to the Philippine Stock Exchange, the bank said the net proceeds of the latest issuance will be used...
To desire better experiences is to be human. But we don’t need to have a “genie in a bottle” to make these desires come true. All we need is the right credit card to enjoy extended and better purchasing power. It can be a compelling tool, granting us freedom to live better. Travel...
BDO Unibank Inc. (BDO) announced that it has completed its buyout of the interests of Keppel Philippines Properties Inc. and Opon-KE Properties Inc. (the Keppel Group) in SM Keppel Land Inc. (SM Keppel). In a disclosure to the Philippine Stock Exchange (PSE), the bank said this follows the...
BDO Foundation partnered anew with Huawei Philippines as part of a shared advocacy to implement education-related initiatives. The corporate social responsibility arm of BDO Unibank and the global leader in information and communications technology infrastructure and smart devices agreed to co-fund...
Last Dec. 16, 2023, Families of overseas Filipino workers (OFWs) were treated to heartwarming moments, lively performances, and significant announcements at the annual Banco de Oro (BDO) Unibank Pamaskong Handog event at SM Fairview. SM Supermalls’ Senior Assistant Vice President for Marketing...
SM Investments Corporation (SMIC), the flagship of the Sy family, and its banking arm BDO Unibank Inc. are cautiously optimistic about their prospects next year even as they expect to wrap up 2023 with decent growth numbers. In an interview, SMIC Vice Chairperson Teresita Sy-Coson said “this year...
Renewable energy firm Alternergy Holdings Corp. announced plans to borrow money for eco-friendly power projects recently awarded by the government to its subsidiaries. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, Alternergy said it plans to sell fixed-rate green bonds...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
