SEC OK's Cityland P1.1-B debt papers

By Brix Lelis

Oct 22, 2023 12:11 am

CITYLAND Development Corp. said on Friday the Securities and Exchange Commission (SEC) approved its registration of P1.1 billion worth of short-term commercial papers to be issued at face value and traded over the counter.

In a disclosure on Friday, Cityland said the SEC had issued the certificate of permit to offer securities for sale, as the commission, in a meeting on October 10, resolved to 'favorably consider' the registration of the commercial papers.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Growth, fiscal targets up for review

Trump vows new tariffs that threaten global trade

Ratings upgrade possible as S&P raises PH outlook

DA okays additional imports of frozen fish

Peso returns to P59:$1, PSEi also drops on US tariff threat

PH e-commerce seen hitting $60B

Good governance: Key to achieving sustainable development