Philippines

Commodities trader Vitol Asia has hit the market for a one year extension to a $1.48bn borrowing sealed in June 2015.

Bank of the Philippine Islands (BPI) has opened its $250m three year debut syndicated loan to retail lenders after expanding the mandated lead arranger and bookrunner group.

Philippine property developer 8990 Holdings has picked China Bank Capital Corp to arrange and underwrite its upcoming Ps5bn ($107m) securitization of housing receivables.

The Philippines is set to welcome a new asset class in infrastructure financing, with a proposal to issue project bonds and list infrastructure companies. Andre Palacios, executive director of the Public-Private Partnership (PPP) Center of the Philippines, tells GlobalCapital Asia’s John Loh about the plans.

Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

The Republic of the Philippines is getting ready to meet investors to provide them an update on recent economic developments and performance.

A $300m dual-tranche loan for a subsidiary of palm oil producer Golden-Agri Resources has wrapped up with just two new banks coming in.

Oil and gas company KrisEnergy has extended a $111m revolver by one year, according to a release last Friday.

Cemex Holdings Philippines (CHP), an affiliate of cement giant Cemex, is looking at a potential Ps39.7bn ($851.6m) IPO as it waits for the go ahead from the country’s stock market regulator.

Cemex Holdings Philippines (CHP), an affiliate of Mexican cement giant Cemex, is seeking approval from the Philippine stock market regulator for a potential Ps39.7bn ($851.6m) IPO.

A $300m three year loan for Development Bank of the Philippines (DBP) has been allocated, with the borrowing capped at the launch size despite an oversubscription.

Rizal Commercial Banking Corp (RCBC) has doubled the size of its medium term note programme to $2bn.