1/1/2023
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CREIT receives permit to sell P4.5-B green bonds:
THE Securities and Exchange Commission (SEC) issued a permit to sell to Citicore Energy REIT Corp. (CREIT) for its maiden P4.5 billion ASEAN Green Bond offering. The offer will consist of a base principal amount of P3 billion with an oversubscription option of up to P1.5 billion.
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CREIT receives permit to sell P4.5-B green bonds
Manila Water unit secures P200-M loan for expansion:
A UNIT of Manila Water Co., Inc. has signed a P200-million 10-year term loan facility to fund the refurbishment, expansion, and improvement of its service facilities area, the listed firm said on Monday.
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Manila Water unit secures P200-M loan for expansion
ACEN secures $107M funding for Vietnam Wind Project:
Ayala-led ACEN Corporation and Vietnamese venture partner BIM Group have secured $107 million in funding from the Asian Development Bank (ADB) and other lenders for the 88-megawatt (MW) Ninh Thuan wind farm in South Central Vietnam.
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ACEN secures $107M funding for Vietnam Wind Project
AU$277 green loan for ACEN Australia secured:
ACEN Corporation subsidiary, ACEN Australia, has secured an AU$277 million (about US$191 million) syndicated green term loan facility from major international banks to support ongoing utility-scale renewable energy (RE) projects in the Australian energy market.
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AU$277 green loan for ACEN Australia secured
Century Properties plans to offer P3-billion retail bonds:
THE board of directors of Century Properties Group, Inc. has approved a plan for the listed property developer to offer fixed-rate retail bonds worth up to P3 billion. In a disclosure to the stock exchange on Tuesday, the company said that the board approved the offering with a principal amount of P2 billion and an oversubscription option of up to P1 billion.
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Century Properties plans to offer P3-billion retail bonds
Chemical Industries sells Makati property for more than P1 billion:
CHEMICAL Industries of the Philippines, Inc. said it has completed the final transaction for the sale of its Makati property for P1.13 billion. “A final transaction has been reached between the parties. It was determined that the actual buyer is Keyland Makati Properties, Inc.,” the firm said in a regulatory filing on Monday.
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Chemical Industries sells Makati property for more than P1 billion
Philex to invest in Macawiwili gold mining project:
Pangilinan-led Philex Mining Corp. is investing in a gold mining project in Itogon, Benguet as it gears up for the expansion of its Padcal Mine. In a disclosure to the Philippine Stock Exchange yesterday, Philex said it signed a term sheet with Macawiwili Gold Mining and Development Co. Inc. (MGMDCI), a 90-year-old company engaged in mineral exploration and production in Itogon, Benguet.
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Philex to invest in Macawiwili gold mining project
Prime Infra unit acquires Cebu-based waste management company ACI:
PRIME Infrastructure Capital, Inc. (Prime Infra) said on Monday that its unit Prime Integrated Waste Solutions Inc. (PWS) has fully acquired ARN Central Waste Management, Inc. (ACI).
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Prime Infra unit acquires Cebu-based waste management company ACI
Petron to buy $22.47M of its debt securities:
PETRON Corp. is buying $22.47 million of its outstanding senior perpetual capital securities listed in Singapore after its offer to holders of its debt ended last week, the oil company said on Monday. In a regulatory filing, the listed company said that it had received valid tenders to its offer amounting to a total of $37.48 million of its securities listed on the Singapore Exchange Securities Trading Ltd.
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Petron to buy $22.47M of its debt securities
Megawide aims to raise P1.5B via preferred share offering:
LISTED construction company Megawide Construction Corp. announced on Wednesday that it plans to raise P1.5 billion through a preferred share offering in March this year. The net proceeds from the offer will be used for the redemption of the outstanding Series 2A perpetual preferred shares of the company which will be due for step-up on May 27, Megawide said in its preliminary prospectus.
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Megawide aims to raise P1.5B via preferred share offering
A Brown to invest in agricultural company
A BROWN Co., Inc., said on Wednesday that its board of directors authorized the firm to invest in Surigao Greens Agri Corp. (SGAC), which is in the process of incorporation. In a stock market disclosure, the company said that SGAC will be its subsidiary.
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A Brown to invest in agricultural company
Locad raises $11M to boost supply chain platform
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments, a joint venture between Temasek and logistics company Kuehne + Nagel. Returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures and Antler also participated, along with new backers Access Ventures, JG Summit and WTI.
Locad raises $11M to boost supply chain platform
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments, a joint venture between Temasek and logistics company Kuehne + Nagel. Returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures and Antler also participated, along with new backers Access Ventures, JG Summit and WTI.
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Locad raises $11M to boost supply chain platform
PSE approves Upson's P4.88-B IPO
The Philippine Stock Exchange (PSE) has approved the P4.88 billion initial public offering of Upson International Corporation (Upson), the country’s largest retailer of personal computers (PCs) and information technology (IT) products.
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PSE approves Upson's P4.88-B IPO
Note: Deal values only include disclosed completed deals with amounts restricted to the local scene i.e. amounts related to the Philippine entity and/or business. Rumored, announced, or planned deals are not included. Cross-posted deals are also adjusted to avoid double count.
*USD 1.00 = PHP54.31 as of 03/29/2023