EDC PhP10.5B Retail Bond Gets PRS Aaa Rating

Pasig—(PHStocks)—Philippine Rating Services Corp. (PhilRatings) maintained the Issue Credit Rating of PRS Aaa for the following outstanding retail bonds of Energy Development Corp. (PSE: EDC): a) PhP3.5 Billion Retail Bonds due on December 4, 2016; b) PhP3.0 Billion Retail Bonds due on May 3, 2020; and c) PhP4.0 Billion Retail Bonds due on May 3, […]
Continue reading…

 

UnionBank Assigned an Issuer Rating of PRS Aaa

Makati—(PHStocks)—Union Bank of the Philippines (PSE: UBP), one of the leading universal banks in the country, was assigned an issuer rating of PRS Aaa (corp.) by Philippine Rating Services Corp. (PhilRatings). A “PRS Aaa” is the highest corporate credit rating assigned on the PRS scale. An issuer rating is an opinion on the general and […]
Continue reading…

 

AUB Receives High Rating

Pasig—(PHStocks)—Asia United Bank Corp. (PSE: AUB) received an issuer rating of PRS Aa (corp.) from Philippine Rating Services Corporation (PhilRatings). An issuer rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a time horizon of one year. The focus is on […]
Continue reading…

 

PSBank’s Notes Get PRS Aaa Rating

Makati—(PHStocks)—The proposed unsecured subordinated notes of up to PhP3 Billion of Philippine Savings Bank (PSE: PSB) received a PRS Aaa rating from Philippine Rating Services Corporation (PhilRatings). The rating for PSBank’s outstanding PhP3 Billion unsecured subordinated notes was likewise maintained at PRS Aaa. PSBank, one of the country’s leading thrift banks (TBs), is the consumer and […]
Continue reading…

 

Filinvest Land Issuing PhP5B to PhP7B Worth of Bonds

Manila—(PHStocks)—Filinvest Land Inc. (PSE: FLI) will be offering PhP5 billion fixed-rate retail bonds, with an oversubscription option of PhP2 billion. The bonds will have a tenor of 7 to 10 years. The bonds will be issued in minimum denominations of PhP50,000 and increments of PhP10,000 thereafter. Tentative offer period of the bonds is this month. The […]
Continue reading…

 

PSBank Exercises Call Option on PhP2B Tier-2 Notes

Philippine Savings Bank (PSBank, PSE: PSB), the thrift banking arm of the Metrobank Group (PSE: MBT), exercised its call option on its PhP2 billion Unsecured Subordinate Notes on January 28, 2011. The Notes, issued January 27, 2006, had an original maturity of 10 years, but with an option to call the issue after five years. […]
Continue reading…