National Re Receives Investment Grade Rating

The National Reinsurance Corporation of the Philippines (PSE: NRCP), the Philippines’ sole domestic professional reinsurer, was assigned a financial strength rating of PRS A by the Philippine Rating Services Corp. (PhilRatings). A PRS A rating means that an insurer has strong financial security characteristics, but is somewhat more likely to be affected by adverse business […]
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PhilRatings Assigns Aaa Rating to SM Prime’s Proposed Bond Issue

The Philippine Ratings Services Corp. (PhilRatings) assigned a rating of PRS Aaa to SM Prime Holdings Inc.’s (PSE: SMPH)proposed bond issue of PhP15 billion, with an oversubscription option of PhP5 billion, for a maximum aggregate amount of PhP20 billion. The bonds are part of the company’s proposed 3-year Debt Securities Program of up to PhP60 […]
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DoubleDragon Sets Coupon Rate for 7 Year Fixed Rate Retail Bonds

Pasay—(PHStocks)—On July 5, 2017, DoubleDragon Properties Corp. (PSE: DD) set the coupon rate for its 7 Year peso-denominated Fixed Rate Retail Bonds at 6.0952% p.a. Due to strong demand for the Retail Bonds, the coupon rate was set at the bottom-end of the pricing range. The Bond Issuance will have a base size of PhP6.5 […]
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Asia United Bank Gets High Rating

Pasig—(PHStocks)—Asia United Bank Corp. (PSE: AUB) was assigned an issuer rating of PRS Aa plus (corp.) by the Philippine Rating Services Corp. (PhilRatings). The assigned rating is a notch higher from the bank’s previous issuer rating of PRS Aa (corp.). An issuer rating is an opinion on the general and overall creditworthiness of the issuer, […]
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DD to Offer 7-Year Fixed Rate Retail Bonds

Makati—(PHStocks)—DoubleDragon Properties Corp. (PSE: DD) has filed a preliminary prospectus with the Securities and Exchange Commission (SEC) covering the issuance of the second tranche of its Fixed Rate Retail Bonds indicating a base size of PhP6.5 billion with an oversubscription of PhP3.2 billion. The proposed issuance forms part of the PhP15 billion Fixed Rate Retail […]
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SM Prime Proposed Bond Issue Rated PRS Aaa

Pasay—(PHStocks)—SM Prime Holdings Inc. (PSE: SMPH) has filed with the Securities and Exchange Commission an application for a permit to sell for the issuance of fixed-rate bonds in the amount of ₱15 billion comprised of seven (7)-year Series “G” Bonds due on 2024 with an over-subscription option of up to ₱5 billion. The issuance is […]
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SEC Approves DoubleDragon’s 10 Year Fixed Rate Bond Offering

Pasay—(PHStocks)—The Securities and Exchange Commission (SEC) approved on 24 November 2016 DoubleDragon Properties Corp.’s (PSE: DD) application for registration covering PhP15 Billion worth of 10 Year Fixed Rate Bonds to be offered in one or several tranches. Subject to the receipt from the SEC of the Permit to Sell Securities to the Public as well […]
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SM Prime PhP10 Billion Retail Bonds Priced at 4.2005% p.a.

Pasay—(PHStocks)—SM Prime Holdings Inc. (SM Prime, PSE: SMPH) has set the interest rate for its Peso-denominated Series F, 10-year retail bonds at 4.2005% p.a. SM Prime will issue an aggregate principal amount of Php10.0 billion of the Series F bonds, which will be offered to investors through underwriters from July 13 to 19, 2016. The […]
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