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...
Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported that its ₱2 billion Peso-denominated Fixed-Rate Bonds were six times oversubscribed on the offering day. In a disclosure to the Philippine Stock Exchange, the bank said it has thus decided to shorten the...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to raise at least ₱2 billion from the issuance of peso-denominated fixed-rate bonds as part of its ongoing ₱40-billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
Filinvest Development Corporation (FDC) has been assigned the highest Issuer Credit Rating of PRS Aaa (corp..), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings) in relation to its planned ₱8.0 billion preferred share offering. The ratings agency stated that an Issuer...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained the top Issue Credit Rating of PRS Aaa with a Stable Outlook for its ₱2 billion outstanding Fixed Rate Bonds assigned by Philippine Rating Services Corporation (PhilRatings). Obligations...
