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Megaworld appoints new president
The Philippine Star
|June 26, 2024
More companies are looking to tap the domestic corporate bond market for their funding requirements in the coming months, while banks are seen potentially returning with their huge issuances later this year.
The Philippine Dealing & Exchange Corp. (PDEX) last Monday saw its eighth listing for the year through SM Prime Holdings Inc.'s P25-billion fixed rate retail bonds.
This brought the year-to-date corporate bond issuances to P125.14 billion, already reaching more than half of last year's total.
"We are now at listing number eight for the year and about to start a round of large funding projects for the private sector after this P25 billion issuance," PDEX president and CEO Antonino Nakpil said.
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