THE Securities and Exchange Commission (SEC) marked the introduction of a new and innovative investment product into the Philippine market.
Last October 6, the commission en banc approved ATRAM Unitized Corporate Debt Vehicle Inc.'s application to act and operate as a corporate debt vehicle (CDV), specifically as a closed-end investment company, and confirmed its offering of 50 billion units of participation as an exempt transaction, subject to its compliance with certain remaining requirements required by the rules.
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