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DBP Nets P8.25B From Latest Bond Offer - BusinessWorld Online
PHILIPPINES, JUL 17 – The Development Bank of the Philippines' bond offering was 1.65 times oversubscribed, enabling an increase to P8.25 billion from the initial P5 billion target, officials said.
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DBP raises P8.25B via newest bond issuance
MANILA, Philippines — State-owned Development Bank of the Philippines has raised P8.25 billion from its latest dual local bond offering, which was warmly received by the local debt market. Proceeds will support more projects aligned with the economic development agenda of the government, a top official said on Thursday. DBP president and CEO Michael de
DBP nets P8.25B from latest bond offer - BusinessWorld Online
THE DEVELOPMENT Bank of the Philippines (DBP) has raised P8.25 billion in fresh funds from its second dual-tenor bond offering for this year. DBP President and Chief Executive Officer Michael O. de Jesus said in a statement on Thursday that this was above the minimum issue size of P5 billion and marked the seventh drawdown under its expanded P150-billion bond program. “DBP’s latest successful mobilization of the capital markets allows it to expa…
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