Tag: philippines

Rizal Commercial Banking Corporation's $250 million five-year issue starts off a busy week in the debt markets as companies rush to execute their deals before Chinese New Year. Borrowers in the region, particularly Koreans, are tapping into healthier investor appetite and locking in low-cost funding. The Republic of the Philippines brings the second Asian sovereign in 24 hours and its third dollar bond this year. Philippine conglomerate SM Investments Corporation, the holding company of the group, raises competitive dollar funding thanks to local demand. These are the results of our annual poll to find Asia's top companies. Today, India and the Philippines. Here’s why we should expect more landmark deals from Ayala Corporation. Ashmore is buying its 40% stake in the Philippine oil refiner from Aramco, which bought into Petron when the company was privatised 14 years ago. The sale of warrants allows bondholders to convert to peso-denominated debt ahead of risk-weighting increases on foreign-currency debt due to Basel II compliance. The sovereign finds a market window to price its long-awaited $500 million bond deal, achieving tight pricing and good secondary performance. The Republic of the Philippines priced a $500 million bond late last night. Details listed here, commentary to follow. Indonesia and the Philippines could price deals this week. The success of these transactions will be a key determinant in the outlook for Asia's bond markets. The sovereign hopes to avert a sell-off of government bonds by offering a warranty that replaces foreign-currency bonds with peso bonds. The firm offers onshore equity research with the hire of two new analysts to start the team. A selection of photos from the dinner held to recognise the Best Managed Companies in the Philippines. Despite unfavourable fiscal news released in the country’s budget report, Philippine bonds hold steady following Bernanke’s address to the US Congress. The surprise departure of the man credited with transforming the country's fiscal policies leaves a gap that will be difficult to fill. Asia’s international bond markets re-open with keenly priced bond from the Republic of the Philippines. Our recent awards dinner in the Philippines saw the cream of corporate Manila attend. Billy Goquingco promoted to country executive while Iggy Kilayko becomes deputy chairman in the Philippines. The dominant local telecoms operator tops three categories in poll.