Markets
UBS scoops 144.3M shares to steady Maynilad
Maynilad Water Services Inc.’s market debut came with a splash and a safety net. UBS AG Singapore Branch, acting as the stabilization agent for the utility’s initial public offering, snapped up a hefty 144.3 million Maynilad shares during the stabilization window after the stock slipped below its P15 IPO price.
Policy easing expectations drive T-bill yields down
Treasury bill yields slipped further at Monday’s auction, with the rate on the one-year paper breaking below 5 percent as investors priced in expectations of monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) later this week.
Bonds boosts Cebu Landmasters’ green momentum
Cebu Landmasters, Inc. (CLI) has secured P4 billion from an oversubscribed sustainability-linked bond (SLB) sale, its second strong market showing this year. The bond sale highlights solid investor confidence in the Visayas-Mindanao developer’s growth and sustainability agenda.
Netflix makes historic USD83B power play, buys Warner Bros
Netflix’s bold move to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a USD82.7-billion cash-and-stock deal sent shockwaves through Hollywood on Friday, along with a jolt of anxiety on Wall Street.
MPTC raises ₱20 billion from oversubscribed bond sale
Metro Pacific Tollways Corp. (MPTC) has raised ₱20 billion from its first public bond issuance, which was more than three times oversubscribed from its ₱15-billion base offer. The company will use the funds to support ongoing and future tollway projects, make new investments, and reduce existing debt.
