Corporate

Citicore Energy REIT Corp. (CREIT), the Philippines' first renewable energy real estate investment trust, has retained its strong credit ratings from the Philippine Rating Services Corp. (PhilRatings) from 2022. CREIT holds an issuer credit rating of PRS Aa+ with a stable outlook, while its ASEAN Green Bonds maintain a PRS Aa+ rating, also with a stable outlook.

Alsons Consolidated Resources Inc. (ACR) has successfully listed the first tranche worth P1.6 billion of its P3 billion commercial paper program on the Philippine Dealing and Exchange Corp. (PDex). This development underscores ACR’s commitment to expanding its renewable energy initiatives and reinforces its position in the local energy market.

First Philippine Holdings Corporation (FPH) has received a plaque of recognition from the Department of National Defense (DND) and the Department of Environment and...

SM Prime Holdings, Inc. has announced the interest rate of its upcoming P25 billion peso-denominated fixed-rate bonds, marking a significant move in the company's funding strategy. The bonds, which will be sold from 12 to 18 February 2025, include three series: Series Y due 2028 with a yield of 6.0282 percent, Series Z due 2031 at 6.2113 percent, and Series AA due 2035 with a rate of 6.4784 percent.

Boutique property developer Italpinas Development Corp. has appointed Alfonso L. Salcedo and Melchor C. Guerrero as independent directors, effective immediately. Salcedo, former president and CEO of Security Bank, and Guerrero, an expert in capital markets, replace Emeraldo C. Magnaye and Rafael A. Dominguez, who resigned due to health reasons and business ventures, respectively.