Corporate
Discovery World divesting from its losing NFT, cryptocurrency venture
Discovery World Corp., a listed company engaged in the hotel and resort business, has abandoned its dream of hitting the jackpot when it ventured into cryptocurrency and non-fungible token sectors
BPI starts Friday offer period for P5-billion bonds to fund sustainable projects
The Bank of the Philippine Islands, the country’s fourth largest lender, has priced its peso-denominated fixed-rate bond due 2026 as it started Friday a two-week offer aimed at raising at least P5 billion to provide loans to sustainable and environment-friendly projects.
IFC commits to purchase all P14 billion worth of Ayala Land Inc. sustainability bonds
The International Finance Corporation, the private investment arm of the World Bank, on Thursday committed to purchase the entire P14 billion sustainability bond issuance of property developer Ayala Land Inc.
BPI 1H net profit up 22% to a record P30.6 billion on interest income growth
The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Thursday it posted record net income of P30.6 billion in the first half of the year, a 22 percent increase driven by robust revenues and sustained positive operating leverage.
SMIC raises USD500 million through offshore bond issuance
SM Investments Corp. , the listed investment holding company of the Sy Group, said Thursday it raised USD500 million through the issuance of Euro medium-term notes that was priced at 5.466 percent, lower than initially expected due to strong demand mostly from Asian investors.
