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DBP eyes over P30 B from bond sale in Q4
The Philippine Star
|May 27, 2024
State-run Development Bank of the Philippines plans to raise over P30 billion from a bond issuance in the fourth quarter of the year.
DBP president and CEO Michael de Jesus said the bank would return to the debt market toward the end of the year as part of its fundraising activities.
"We haven't decided yet whether it's going to be plain vanilla or tier 2. It's peso denominated because our natural use of proceeds is peso loans," De Jesus told reporters.
De Jesus said the approved fundraising for the year is around P45 billion.
An initial P8.75 billion has already been raised in February, which leaves the bank with about P36.25 billion that I can still be borrowed.
"We tend to issue the balance (by yearend) depending on market conditions," De Jesus said.
Esta historia es de la edición May 27, 2024 de The Philippine Star.
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