Yields on gov’t securities down on safe-haven bids

EXPECTATIONS of a trade dispute escalating between the world’s two largest economies and the spillover effects of the Turkish lira to emerging markets sent investors into safe-haven buying mode, causing yields on local government securities (GS) to go down last week.

Peso weakens amid further trade war worries

THE peso weakened against the dollar on Friday as risk appetite was subdued following remarks by US President Donald J. Trump on the trade war with China.

Security Bank sets up $1-B note facility

SECURITY BANK Corp. has set up a medium-term note (MTN) facility of up to $1 billion as it seeks to tap offshore capital markets for financing.

Citi among nine banks winning dismissal of bond-rigging suit

NINE OF THE biggest banks won dismissal of a lawsuit claiming they rigged the market for bonds issued by government entities and institutions like the World Bank, after a judge said the investors who sued didn’t show how the alleged collusion caused them to pay higher prices for the securities.

Insurance Commission junks PGA, Marsh cases

THE INSURANCE Commission (IC) junked the complaints filed by Prudential Guarantee and Assurance, Inc. (PGA) and Marsh Philippines, Inc. against each other for allegedly breaching insurance laws.

BoJ’s tweaks do little for moribund bonds

JAPAN’S benchmark bonds recorded no trades on Wednesday, less than a month after the central bank sought to enliven the world’s second-biggest debt market by relaxing yield control.

Embodying the CFO of Industry 4.0

By Marivic Españo
GONE are the days when the chief financial officer (CFO) was the glorified controller who makes sure the books are right and the treasury is in robust health. In recent years, the role is increasingly being redefined in order for companies around the world to survive and stay sustainable in the Fourth Industrial Revolution.

Peso up on US trade talks

THE PESO strengthened a tad against the dollar on Thursday as risk appetite improved on the back of trade negotiations between the United States and Canada.

Gov’t fully awards bonds

THE GOVERNMENT accepted all bids for the reissued three-year Treasury bonds (T-bond) it offered on Wednesday even as rates went up due to inflation expectations and amid excess liquidity in the market.

UnionBank sets SRO’s final terms

UNIONBANK of the Philippines has set the final terms for its stock rights offering (SRO), through which it is looking to raise about P10 billion to support expansion.

TDF yields climb after central bank’s rate hike

YIELDS FETCHED for term deposits moved higher this week, in line with the central bank’s expectations, following an aggressive rate hike which took effect early this month.

BPI raises $600M from senior notes

BANK OF THE Philippine Islands (BPI) raised $600 million through a senior unsecured note drawdown to maximize flexibility in offshore funding and diversify its liquidity sources.