SM Investments eyes an ambitious land reclamation project and casino through its units SM Land and Belle Corp.

The deal comes on the back of a strong rebound in the share price and is increased by 50% after attracting solid demand.

The deal prices at a 6% discount and comes just seven months after the Philippine conglomerate tapped the international CB market.

Philippine conglomerate SM Investments executes a clean exchange offer for its existing 2013 and 2014 bonds, forming a base for the new 5.5% seven-year bonds.

The Philippine investment holding company attracts good demand from outright investors, but doesn't immediately exercise the $50 million upsize option.

Ng, who has spent 25 years in the financial industry, was previously managing director of Nomura International's Asia investment banking

Various interpretations of ESG invite criticism that responsible objectives are not being met – but these shortfalls may help its cause.

The Philippines'' largest ever IPO rides in on a wave of optimism towards the old pariah of Asia''s equity markets.

The global Covid-19 pandemic has shook financial markets but impact investors, especially in Asia, have emerged remarkable unscathed.

Meanwhile, other event participants bemoan a peculiar market characteristic wherein companies choose short-cycle borrowings over long-term bonds even for long-term needs.