Philippine Daily Inquirer The country’s largest lender BDO Unibank (PSE: BDO) has opened a P2-billion credit facility for the real estate business of young tycoon Michael Cosiquien, cofounder of Megawide Construction Corp. (PSE: MWIDE), who is now building his own business empire. The P2-billion loan facility was created by BDO for the iLand Bay Plaza […]
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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 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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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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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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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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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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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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