BusinessWorld
May 25, 2021 | 12:08 am
Valmonte
THE growing number of companies offering or expressing interest in tapping the real estate investment trust (REIT) market signal confidence in the capital market, but their dividends will be watched by investors, analysts said.
âIt shows that companies feel that the capital market is a good place to raise money, and it also shows that there are available investors ready to take them,â Juanis G. Barredo, chief technical analyst of COL Financial Group, Inc., said in a Viber message last week.
âIf they feel or sense otherwise, they [will] defer such offerings,â he added.
Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said seeing more companies offer REITs is âa good signal on the further progress and development of the countryâs capital market.â
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BSP raises P110 billion from 28-day bills
May 21, 2021 | 7:13 pm
Reporter
The Philippine central bank raised P110 billion at the auction of its short-term debt paper on Friday, even as rates rose on higher US Treasury yields.
The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day debt as bids reached P135.1 billion. The auction was 1.23 times oversubscribed, while demand was bigger than P120.9 billion at last week’s auction.
The bills fetched an average rate of 1.7746%, higher than 1.7739% a week earlier. This marked the first uptick in the rates of BSP securities after eight straight weeks of decline.
The asking range of banks fell to 1.7525-1.79% on Friday from 1.7625-1.8%.