1 month Alson taps debt market for funds Manilatimes |Biz
ALSONS Consolidated Resources Inc. (ACR) has obtained the Securities and Exchange Commission’s (SEC) go signal to issue P1 billion commercial papers to finance its ongoing power projects. In a statement, the Alcantara-led company said the planned issuance represents the second tranche of its commercial paper program of up to P2.5 billion registered with the SEC in 2018. Proceeds from the transaction will provide the listed firm interim funding for its projects in the pipeline. Early this year, the Philippine Rating Services Corp. (PhilRatings) assigned a PRS A plus (corp.) rating to ACR for the issuance of P1-billion worth of commercial papers. ... more