CLI to increase bond issuance to P8B

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 […]

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 […]

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 […]

Phaeton Announces ESG Bond Exchange to Power Its Green Environmental Goals

Perth, Australia, Oct 1, 2021 – (ACN Newswire via – 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 […]