The Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) is expecting to end the year with a growth of around 20 percent, which they hope to raise even further in 2022. “By year-end, [we] expect around a 20-percent [growth],” said Campi president Rommel Gutierrez in a Viber message when asked for the group’s year-end…
Yuchengco-led construction firm EEI Corp. has returned to the local stock market for the first time in 14 years, raising P6 billion from a warmly received offering of preferred shares. EEI’s offering of series A and series B preferred shares, which ended on Dec. 15, had been oversubscribed by 4.85 times the base offer of…
The country’s largest conglomerate, SM Investments Corp. (SMIC), has filed a registration statement to raise as much as P15 billion from the offering of long-term peso-denominated bonds by February next year. These fixed-rate bonds will form the second tranche of its P30-billion debt securities shelf registration with the Securities and Exchange Commission (SEC). Based on…
Banking giant BDO Unibank Inc. is preparing to raise another P5 billion in debt from a massive P365-billion bond program to partly finance its expansion. BDO, by the Sy family’s SM Group, disclosed plans to issue peso-denominated fixed-rate Asean sustainability bonds. The lender said in a stock exchange filing the proposed offer would run from…