MPIC Inks Syndicated Term Loan Facility

On 11 January 2018, Metro Pacific Investments Corp. (MPIC, PSE: MPI) signed a PhP8 billion 10-year and 15-year syndicated term loan facility. Proceeds of which will be used by MPIC to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings Inc., a wholly-owned subsidiary of MPIC, and for other general […]
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BDO Issues First Green Bond for $150 Million

BDO Unibank Inc. (PSE: BDO) has issued its first green bond, raising $150 million to expand financing for private sector investments that help to address climate change. This marks the first green bond issued by a commercial bank in the Philippines. IFC, a sister organization of the World Bank and a member of the World […]
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LRWC Subsidiary ABLGI Executes OLSA with BDO

Leisure & Resorts World Corporation’s (PSE: LR) wholly-owned subsidiary AB Leisure Global Inc. (ABLGI), as borrower, executed an Omnibus Loan and Security Agreement (OLSA) of PhP2.5 billion with BDO Unibank Inc. (PSE: BDO) – Trust and Investment Group as Security Trustee and the company, LRWC, as Surety. The OLSA was executed to fund the acquisition […]
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BDO Receives Gold Hall of Fame Award for Remittance Service

Makati—(PHStocks)—The Bangko Sentral ng Pilipinas (BSP) has honored BDO Unibank Inc. (PSE: BDO) with a “Gold Hall of Fame” accolade in yesterday’s BSP Stakeholders Awards. The bank, which won its first Hall of Fame in 2010, was conferred the Gold Award after it was declared the “Top Commercial Bank that Generated the Largest Overseas Filipino […]
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BDO Forges Strong Alliance with Japan’s Seven Bank

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) and Japan’s Seven Bank Ltd have sealed on Wednesday a business pact that will capitalize on their strengths in retail business. The partnership covers the upcoming launch of an international money transfer service to the Philippines, allowing customers to easily transfer money from Japan to the Philippines just by downloading […]
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BDO Posts Record PhP26.1B Income in 2016

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) delivered a net income of PhP26.1 billion in 2016 on the back of strong results across its core businesses. This matched the bank’s earnings guidance for last year and is a record net income for the bank. Customer loan portfolio increased by 16 percent to PhP1.5 trillion, while total deposits […]
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Primex Group Prepays All Bank Obligations

Manila–(PHStocks)–Listed property developer Primex Corp. (PSE: PRMX) disclosed that, together with its subsidiary Primex Realty Corp. and affiliate Primex Land Inc., the group, which has a total approved loan line of PhP1.8 billion, was able to prepay all its bank obligations with Metrobank (PSE: MBT) and BDO Unibank (PSE: BDO) as of January 3, 2017. […]
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BDO Sets Final Terms for PhP60B Stock Rights Offer

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) announced that it has fixed the final terms for its PhP60 billion stock rights offering of up to 716.4 million common shares (the “Rights Shares”) to stockholders as of record date 10 January 2017. Each eligible stockholder is entitled to subscribe to one (1) common share for every 5.095 common […]
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