BDO Unibank, Inc. is launching a peso‑denominated Fixed‑Rate Sustainability Bond offering with a minimum issue size of P5 billion, the fourth such issuance of the country’s largest lender by assets controlled by the Sy Group.
BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
PXP Energy Corp.’s 12.5 percent stake in Service Contract 80 (SC 80) gained a potentially more favorable resource outlook after operator Tetragon Energy Ltd. reported an increase in estimated prospective resources at the Halcon exploration prospect in the Southwest Sulu Sea.
MTerra Solar has begun commercial operations for 600 MWac of mid-merit capacity under its power supply agreement with Manila Electric Co. (Meralco), moving one of the Philippines’ biggest renewable energy projects from construction into revenue-generating service.
Primelectric Holdings, Inc. (PHI) is exploring opportunities to develop and operate electricity distribution systems in economic zones nationwide, potentially expanding its utility footprint as the Philippine Economic Zone Authority (PEZA) seeks more reliable power infrastructure to attract investments.
The Bases Conversion and Development Authority (BCDA) has started validating families and residents who could be affected by the proposed Clark Advanced Manufacturing Park (CAMP) in New Clark City, laying the groundwork for safeguards and assistance as the industrial project moves forward.