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EDC to issue P5-B worth of Green Bonds – Manila Bulletin


Published March 16, 2021, 4:54 PM
Energy Development Corporation (EDC)  is planning to issue P3 billion worth of Green Bonds with an oversubscription option of up to P2 billion.
Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest issue credit rating of PRS Aaa, with a Stable Outlook, for EDC’s proposed Green Bonds.
PhilRatings also maintained its top issue credit rating of PRS Aaa, with a Stable Outlook, for EDC’s outstanding P4.0 billion Fixed-rate Bonds due in 2023.
Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong. ....

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Bank account: Great news for savers as Paragon increases interest rates across products | Personal Finance | Finance


| UPDATED: 22:39, Thu, Feb 25, 2021
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Interest rates have faced challenges recently, but Paragon Bank has stepped in with a new offering. The provider has decided to increase the interest rates across all of its fixed rate products. The step was taken in order to offer further choice to savers who are currently on the lookout for competitive fixed rate options, Paragon Bank has said. ....

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