The Securities and Exchange Commission (SEC) is pushing for reforms to strengthen the Philippine corporate bond market and broaden capital market access for small and medium enterprises (SMEs), with strategic engagement from the World Bank Group (WBG) and its private-sector lending arm,...
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
The Securities and Exchange Commission (SEC) and the International Finance Corporation (IFC) have formalized a cooperation agreement to support the 30by30 Zero Philippines Program to accelerate sustainable finance in the country. Under the agreement, the SEC and the IFC will undertake...
The Philippines stands to benefit from recent regional investments made by the International Finance Corp. (IFC) to help struggling small and medium businesses. Documents showed that the board of the World Bank Group's private-sector lending arm is scheduled to approve on Jan. 2, 2025 an up to...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
A Mauritius-based fund manager is eyeing a $50-million investment from the International Finance Corp. (IFC) to support medium-sized firms in the South and Southeast Asian regions, including the Philippines. The IFC disclosed on Oct. 22 that Creador Management VI Ltd. sought funding from the World...
The International Finance Corp. (IFC) has green-lit a loan package for Filipino firm Asialink Finance Corp. (AFC) to help boost small business lending in the Philippines. The private-sector lending arm of the World Bank Group (WBG) disclosed on Friday, Oct. 11, that the senior loan financing...
The International Finance Corporation (IFC) has invested $7 million in fintech firm First Circle to expand digital financial services for small and medium-sized enterprises (SMEs) in the Philippines. The IFC board approved the project on June 13, signed on June 28, and invested the...
BDO Unibank Inc., a member of the SM Group, has partnered with the International Finance Corporation (IFC) to provide specialized training to accelerate the green transformation of the banking and finance industry. In a statement, the bank said the training was conducted through the Alliance for...
Real estate giant Ayala Land Inc. (ALI) has successfully raised P20.5 billion through its pioneering Sustainability-Linked Financing (SLF) Program after securing a loan from the International Finance Corporation (IFC). Management Committee Members and Executives of Ayala Land, Inc., Securities and...
