Philippines
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Banks running dollar deals for Philippine homebuilder Vista Land & Lifescapes and Indonesian energy company ABM Investama steered the transactions to success on Monday despite a shaky market for high yield credits. -
Union Bank of the Philippines launched its first international bond in 13 years on Tuesday, offering investors a bit of diversity in a day otherwise filled with Chinese issuers.
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Philippine homebuilder Vista Land & Lifescapes is back in the offshore debt market after a near two year break, and is taking bids for a new transaction.
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Union Bank of the Philippines is getting ready to offer international investors some variety as it sets the stage for its first dollar bond since 2004.
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Nestor Espenilla, the new governor of the Philippines central bank, talks to GlobalMarkets about the country’s infrastructure spending push, the need for a deeper bond market and his long wait for reform
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Philippines-listed DoubleDragon Properties Corp is gearing up to launch a re-IPO worth Ps7.5bn ($145.6m), aiming the deal firmly at international investors.
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The People’s Bank of China sticks to its neutral monetary policy, China Securities Regulatory Commission (CSRC) says it wants to build first class investment banks in the domestic market, and FTSE Russell refrains from reclassifying the Chinese A-share market as a secondary emerging market.
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The Asian Development Bank (ADB) revises up its China economic growth forecast, China’s current account surplus falls to $69.3bn in the first half, and officials from the Philippines begin their roadshow for the country’s first Panda bond issuance.
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Macquarie Capital has appointed Justin Ocampo as a managing director and the head of its Philippines office.
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Net FX sales by Chinese bank are down 75% month-on-month in August, an advisor to the People’s Bank of China urges push for renminbi internationalisation as the currency strengthens, and Portugal hires banks for its first Panda bond issuance.
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Investors embraced Philippine company Ayala Corp’s return to the dollar market after more than a decade away, funnelling $2.5bn into a $400m fixed for life deal that attracted attention for its rarity value.
