The Securities and Exchange Commission (SEC) has approved the planned ₱5-billion sustainability-linked bond offering of Cebu Landmasters Inc., representing the third and last tranche of securities registered under its shelf registration of ₱15-billion debt securities program. In a disclosure to...
Philippine Rating Services Corp. (PhilRatings) has upgraded the issue credit rating of STI Education Services Group Inc.’s (STI ESG) outstanding bonds amounting to ₱820 million to PRS Aa, with a stable outlook, from the previous rating of PRS A plus, with a positive outlook. Obligations rated...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
The Securities and Exchange Commission (SEC) has approved the planned fixed-rate retail bond offering of SM Prime Holdings, Inc., worth up to ₱17 billion under the company’s ₱100 billion shelf registered bonds. In a disclosure to the Philippine Stock Exchange, SM Prime said it has received...
The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to ₱15 billion for the payment of debt and funding of capital expenditures (capex)....
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc. (GT Capital), has cut short the offer period for its ₱2-billion maiden bond issuance due to strong demand. Originally set to run from Oct. 6 to 13, 2025, the offer period...
Metro Pacific Tollways Corp. (MPTC), a unit of Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is planning to use proceeds from its ₱20-billion bond offering to fund three tollway projects and refinance existing obligations. "This bond issuance aims to bolster...
Visayas and Mindanao (VisMin) property developer Cebu Landmasters Inc. (CLI) is planning to raise up to ₱5 billion from the issuance of sustainability-linked bonds as the third and final tranche of its three-year shelf registration program of up to ₱15 billion. Philippine Ratings Services...
Metro Pacific Tollways Corp. (MPTC) plans to raise up to ₱20 billion through a planned bond issuance, while continuing to explore options to reduce debt, as market conditions are still not favorable for an initial public offering. Philippine Rating Services Corp. (PhilRatings) said MPTC is...
After interest rates have been cut, Sy-led SM Prime Holdings Inc. (SM Prime) is now planning to refinance debt with a ₱17-billion bond offering just after raising $350 million from United States (US) dollar-denominated notes. SM Prime, one of Southeast Asia’s largest integrated property...
Philippine Rating Services Corp. (PhilRatings) has assigned its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, to DoubleDragon Corp.’s bond issuance worth up to ₱10.9 billion. The planned issuance is for ₱3.5 billion, with an Oversubscription Option of up to ₱7.4 billion....
Toyota Financial Services Philippines Corp. (TFSPH), and affiliate of GT Capital Holdings Inc., is planning to raise ₱5-billion through the first issuance from its ₱20-billion fixed-rate bond program. In line with this, Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
