Banking & Insurance
Treasury bill yields rise at auction after sharp fall in rates last week
The Bureau of the Treasury (BTr) allowed treasury bill yields to rise at Monday’s auction, allowing some correction in the yield curb following the sharp drop in average rates last week.
Union Bank raises P18.17Bfrom two-tranche bond sale
Union Bank of the Philippines said Monday it raised P18.17 billion through the issuance peso-denominated fixed rate bonds, a dual tranche offering that received strong demand from both retail and institutional investors.
Partnership widens funding options of MSMEs
FundSpace, a leading loan aggregator facilitating the funding requirements of businesses of all sizes, has teamed up with BPC Lending Inc. to boost the financing options of micro, small, and medium-sized enterprises (MSMEs) and individual borrowers.
MPTC eyes raising P45 billion from syndicate of banks
Metro Pacific Tollways Corp. (MPTC) is in negotiations with a syndicate of local and foreign banks to raise at least P45 billion as part of a larger plan to reduce its debt.
National Treasury cuts substantially Dec treasury bills, bonds offer sizes
The National Treasury has substantially reduced to P60 billion the amount of treasury bills and bonds it will offer during weekly auction scheduled December, less than a third of the volume it offered in November.
