SunStar The Asset names BDO 2020’s Best Bank in the Philippines
MANILA. BDO Unibank Inc. and BDO Capital & Investment Corporation were recognized in the recent The Asset Triple A Country & Regional Awards. Among these prestigious accolades are the Best Bank in the Philippines for BDO in the country awards and the Best Local Currency Green Bond for BDO Capital in the regional awards. (Contributed photo)
+ March 10, 2021 BDO Unibank (BDO) was named the Best Bank in the Philippines for the 8th consecutive year during The Asset Triple A Country Awards 2020, which recognizes Asian issuers and global institutional investors for excellence in banking, finance, treasury, and the capital markets.
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Singapore sovereign wealth fund GIC Pte Ltd is buying a 17.5% stake in AC Energy Philippines for 20 billion pesos (US$416 million) via a private placement of new shares and the purchase of existing shares.
The fund will subscribe to four billion primary shares in the energy firm through the private placement, which is expected to take place in the current quarter, AC Energy Philippines says in a filing to the Philippines Stock Exchange on January 4.
The secondary shares will be purchased from its parent company AC Energy and Infrastructure Corp, and is expected to be completed in the third quarter.
The investment is pending regulatory approvals.
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