UnionBank lists bonds
UNIONBANK of the Philippines, Inc. listed P5.8 billion in three-year fixed-rate bonds, which will support its expansion and lengthen its debt maturity profile.
Deutsche Bank, UniCredit start Brexit swaps move
DEUTSCHE BANK AG and UniCredit SpA moved some of their swaps trades from London to Frankfurt in May as banks used a lull in the ongoing Brexit drama to prepare for the worst.
Peso strengthens to P51:$1 level
THE PESO strengthened against the dollar on Monday, returning to the P51-per-dollar level, as market players await May inflation data.
Liquidity growth picks up in April
MONEY SUPPLY growth picked up in April, even with demand for loans slightly easing prior to cuts in benchmark rates and banks’ reserve requirement ratio (RRR), the Bangko Sentral ng Pilipinas reported late on Friday.
Debt yields track T-bond auction, US Treasuries
DEBT YIELDS at the secondary market moved lower last week following the auction of 10-year Treasury bonds as well as local government securities (GS) tracking the movement of US Treasuries with investors being on a risk-off mode due to ongoing US-China trade tensions.
Peso seen sideways on US-China tensions
THE PESO may move sideways against the dollar this week as market participants will likely flock to safer currencies amid heightened global trade tension.
Treasury bill rates likely to decline on demand
RATES OF THE Treasury bills (T-bill) on offer today are likely to decline further amid robust demand, driven by the downward movement of US Treasury yields as well as dovish remarks from the chief of the local central bank.
RCBC sees growth in consumer business
RIZAL COMMERCIAL Banking Corp. (RCBC) expects its consumer lending business to expand further as its thrift banking arm is absorbed by the parent by the second half of the year.
PNB doubles euro note program; announces P12 billion rights offer
PHILIPPINE National Bank said it doubled the size of its overall euro medium-term note (MTN) program to $2 billion, after announcing plans to tap the same facility for a further $300 million.
AUB to add 10 new locations to branch network
ASIA UNITED Bank Corp. (AUB) plans to open 10 new branches this year in areas demonstrating “vibrant” business activity, while pursuing opportunities to apply new technology to its operations.
Peso firms after Fitch maintains PHL sovereign rating
THE peso strengthened slightly against the dollar on Friday, as market participants reacted to a recent decision by Fitch Ratings to maintain its credit rating for the Philippines.
EastWest Bank to raise P10 billion from bonds
EAST WEST Banking Corp. (EastWest Bank) is set to offer P10 billion in peso-denominated bonds to raise fresh funds.