PROPERTY developer Cebu Landmasters, Inc. is increasing the size of its bond issuance to a full-on base of P8 billion — from a P5-billion base with a P3-billion oversubscription option — after strong participation interest from institutions. The issuance would still be the initial tranche of its shelf-registered P15-billion debt securities program that will be […]
Tag: bond
MHI to Issue its First Transition Bond
TOKYO, Aug 5, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Kanto Local Finance Bureau in preparation for planned issuance of a transition bond in the Japanese market. The issuance will be undertaken to raise funds for allocation to diverse initiatives toward […]
Yields mixed on demand for long tenors, Fed hike
YIELDS on government securities (GS) were mixed last week on strong demand for longer tenors and US Federal Reserve’s continued policy tightening. GS yields, which move opposite to prices, at the secondary market fell by 10.12 basis points (bps) on average week on week, based on the PHP Bloomberg Valuation Service (BVAL) Reference Rates as […]
UnionBank’s social bond proceeds finance loans to 3,751 small businesses
UNIONBANK of the Philippines, Inc. (UnionBank) used the proceeds of its $150-million social bond issuance to help finance loans to small- and medium-sized businesses. UnionBank submitted its 2021 Social Bond Allocation and Impact Report in a disclosure to the local bourse on Tuesday. “The proceeds of the Social Bond shall be allocated exclusively to qualified […]
Government debt yields rise on surprise hike
YIELDS on government securities (GS) climbed last week after the Bangko Sentral ng Pilipinas’ (BSP) off-cycle move to raise benchmark interest rates by a hefty 75 basis points (bps). GS bond prices dropped as yields rose by an average of 10.35 bps week on week, based on PHP Bloomberg Valuation Service Reference Rates as of […]
Yields on gov’t debt rise on faster June inflation
YIELDS on government securities (GS)rose last week after inflation surged to its fastest level in nearly four years in June. GS yields, which move opposite to prices, rose by an average of 7.44 basis points (bps) week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of July 8 published on […]
Yields on government debt mixed after BSP decision
YIELDS on government securities (GS) ended mixed after moving sideways last week after the Bangko Sentral ng Pilipinas (BSP) raised borrowing costs by another quarter percentage point, as expected, to contain soaring inflation. GS yields, which move opposite to prices, at the secondary market edged up by 4.01 basis points (bps) on average week on […]
UnionBank’s P11-billion digital bond issuance listed at the secondary market
UNIONBANK of the Philippines, Inc. on Thursday listed its P11-billion digital peso bonds on the Philippine Dealing and Exchange Corp. (PDEx) for trading in the fixed-income market. “This pioneering issuance serves as a building block in UnionBank’s journey to embrace digitization and positive disruption in the industry. I am confident that this will be recognized […]
BPI sets P100-B bond program
BANK of the Philippine Islands (BPI) has approved a new P100-billion bond program to help diversify its funding sources and boost its sustainability drive. During a regular meeting held on May 18, BPI’s board approved the issuance of up to P100 billion in notes under its new peso-denominated bond and commercial paper program. “The objective […]
Yields climb on Russia-Ukraine crisis
By Lourdes O. Pilar, Researcher YIELDS on government securities (GS) increased last week as investors were cautious amid developments abroad after Russia invaded Ukraine. GS yields rose by 8.38 basis points (bps) on average week on week, based on PHP Bloomberg Valuation Service Reference Rates as of March 11 published on the Philippine Dealing System’s […]
BSP: Green investments to spur economic recovery
GREEN investments are seen as crucial in the post-pandemic recovery, a top official of the central bank said.Citing data from World Bank’s International Finance Corp., Bangko Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno, during the Asia-Pacific Environmental, Social and Governance (ESG) Investors Summit, noted that investments in the Philippines and in three other big emerging […]
BSP invests in Asian Green Bond Fund
The Philippine central bank again redirected capital for sustainability initiatives by investing in the Asian Green Bond Fund of the Bank for International Settlements (BIS). Launched this year, the new fund will support green projects in the Asia-Pacific region. “The participation in the fund is expected to provide the BSP with an additional source of […]
Debt yields drop as BSP cuts inflation estimate
YIELDS on government securities inched down last week after the central bank lowered its inflation forecast and amid strong demand for the government’s retail Treasury bond (RTB) offer. Debt yields, which move opposite to prices, went down by an average of 1.63 basis points (bps) on Friday from a week earlier, based on the PHP […]
Phaeton Announces ESG Bond Exchange to Power Its Green Environmental Goals
Perth, Australia, Oct 1, 2021 – (ACN Newswire via SEAPRWire.com) – Phaeton, a decentralised ledger system, announced the launch of Phaeton ESG Bond Exchange powered by blockchain technology. The launch of its Environmental, Social, and Governance (ESG) Bond fits well with Phaeton’s core ethos of using its technology to make a positive social impact. In […]
‘Massively grateful’ Daniel Craig bids farewell to James Bond
LONDON — Daniel Craig thought he had wrapped up his tenure as James Bond with Spectre, but the actor says his final fifth outing as the British secret agent in No Time To Die allowed him to fully complete his 007 journey. Nearly 60 years after the first Bond film Dr. No premiered, cinema’s favorite […]
Yields rise after BSP revises inflation anew, hawkish Fed
YIELDS on government securities edged higher last week as the Philippine central bank revised higher its inflation forecasts and as the US Federal Reserve signaled its massive bond-buying taper as early as November. Bond yields, which move opposite to prices, rose by a week-on-week average of 5.38 basis points (bps), based on PHP Bloomberg Valuation […]
Gov’t debt yields flat on mixed trade
YIELDS ON government securities (GS) ended flat last week on mixed trading as the market tracked developments at home and abroad. GS yields, which move opposite to prices, inched up by an average of 1.33 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Sept. 17 published […]
Yields on gov’t debt rise on GDP data, inflation
YIELDS ON government securities edged up last week as the Philippine economy exited recession and after the central bank revised its inflation outlook upwards. Bond yields, which move opposite to prices, rose by 5.05 basis points (bps) on average week on week, based on PHP Bloomberg Valuation Service Reference Rates as of Aug. 13 published […]
MHI to Issue the Second Series MHI Green Bond
TOKYO, Aug 2, 2021 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau in preparation for its planned issuance of a corporate green bond in the Japanese market. This will be the Company’s second issuance of this […]
Region’s central bankers back green bond investments
MEMBERS of the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) have agreed to promote green bond investments through the Asian Bond Fund (ABF) to develop a market for funding sustainability projects. “This is aimed at helping to catalyze further deepening of local currency-denominated green bond markets in the region,” the Bangko Sentral ng Pilipinas […]