Philippines

Credit Suisse has appointed Michael De Guzman, who joined the firm in May, as its country manager for the Philippines.

The Asian Development Bank (ADB) has given yet another boost to the Masala bond market, raising Rp14bn ($217m) from its third offshore-rupee linked note of the year.

Invitations are out for a $235m triple tranche loan for private equity firm Partners Group’s acquisition of business process outsourcing company SPi Global.

The European Central Bank switches €500m-equivalent of dollar for renminbi in its FX reserves, the International Monetary Fund adjusts China’s GDP growth forecast while recommending a more transparent monetary policy, and Singapore does a policy U-turn to support One Belt One Road (OBOR).

Metro Pacific Investments Corp raised Ps12.7bn ($256m) from a selldown in Manila Electric Co (Meralco) on Tuesday that effectively boosted, rather than cut, its stake in the latter.

Metro Pacific Investments Corp (MPIC) launched a trade on Tuesday evening designed to reduce its direct stake in Manila Electric Co (Meralco) while boosting its indirect holdings.

Allocations are out for Petron Corp’s loan, which was opened to retail participation in late March. The company has absorbed the excess demand that came in during syndication, boosting the deal size to $1bn from $600m.

Three banks will supply funds to back private equity firm Partners Group's acquisition of business process outsourcing firm SPi Global.

Private equity firm Partners Group has lined up financing from three lenders to back its acquisition of business process outsourcing company SPi Global.

Eagle Cement Corp has found success with its Ps7.5bn ($150.5m) IPO, drawing in enough demand to cover the deal three times over.

ANZ has appointed a new chief executive officer for the Philippines, picking from within for the top role.

ING Bank’s Manuel Salak, clients coverage and corporate finance head for Asia, is retiring after 23 years at the firm, according to a Monday press release.