petron

Issuers are coming to terms with the alien concept of a new issue premium (NIP) as Asian bond markets suffer a difficult start to the year. Where will they go from here?

Asian high-net-worth buyers take three-quarters of the deal as the demand for yield continues to attract borrowers.

The energy company becomes the first Philippine corporate issuer to sell peso-denominated bonds to international investors following the success of the global peso sovereign.

Ashmore is buying its 40% stake in the Philippine oil refiner from Aramco, which bought into Petron when the company was privatised 14 years ago.