The Hong Kong- and New York-listed semiconductor manufacturer tapped the equity market for the second time, three years after its debut convertible debt issue.
The Philippine bank gets the go-ahead for its proposed rights issue and says it will fix the price on June 5 at a discount of up to 20% to 25% versus the 10- to 15-day VWAP.
The Philippine investment holding company attracts good demand from outright investors, but doesn't immediately exercise the $50 million upsize option.
Philippine conglomerate SM Investments executes a clean exchange offer for its existing 2013 and 2014 bonds, forming a base for the new 5.5% seven-year bonds.