Peso declines further vs dollar on geopolitical issues abroad
THE PESO slipped further against the dollar on Tuesday amid continued geopolitical concerns abroad.
Gov’t settles for partial award of T-bills to limit increase in yields
THE GOVERNMENT settled for a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday as yields climbed, reflecting market anticipation for additional rate hikes from the local central bank.
IFC raises $90M via first peso green bond issue
THE INTERNATIONAL Finance Corporation (IFC) has issued $90 million worth of peso-denominated green bonds called the “Mabuhay Bond,” marking its first foray into the peso debt market.
Sun Life on track to have 5 million clients by 2020
SUN LIFE of Canada (Philippines) Inc. is on track to achieve its goal to expand its client base to five million customers by 2020 mainly through its agency channel, officials said yesterday.
BPI MTN gets Baa2 rating
MOODY’S Investors Service has assigned an investment grade rating on the $2-billion medium-term note (MTN) facility of Bank of the Philippine Islands (BPI).
Rediscount rates raised after fresh tightening move by BSP
RATES CHARGED on rediscount loans availed by banks have risen beyond the four percent level starting this week, reflecting higher benchmark yields set by the Bangko Sentral ng Pilipinas (BSP).
Peso weakens on US-China trade tensions
THE PESO declined against the dollar on Monday as the market is still concerned over trade tensions between the United States and China.
Treasury bills, bonds likely to fetch higher rates
GOVERNMENT SECURITIES on offer this week will likely fetch higher yields amid likely tepid demand from investors following a fresh interest rate hike by the local central bank.
Peso may consolidate vs dollar
THE PESO is seen to consolidate against the dollar this week due to likely hawkish speeches from some United States central bank officials and following the decision of the local monetary authority to raise interest rates.
CIC expects centralized system to go live in Q3
STATE-RUN Credit Information Corp. (CIC) has pushed back the launch of the country’s centralized credit information system as it is still ensuring the quality and safety of data.
Yields on gov’t securities climb after BSP decision
YIELDS on government securities (GS) traded on the secondary market continued to climb last week following the Bangko Sentral ng Pilipinas’ (BSP) decision to raise interest rates anew amid rising inflation.
BPI to offer up to $2-B medium term notes
BANK of the Philippine Islands (BPI) said it has been authorized by its board to establish an up to $2 billion dollar-denominated medium-term note (MTN) program, with the notes to be listed in Singapore.