SEC sees capital market making strong recovery from pandemic

“We are optimistic that the Philippine capital market will make a strong recovery from the impact of the COVID-19 pandemic,” SEC Chair Emilio Aquino said. | Philbizwatcher

Other companies have recently completed their public offerings, as the country entered a state of public health emergency with the confirmation of the first local transmission of COVID-19 on March 7.

SM Prime Holdings Inc. also issued bonds worth P15 billion on March 25. The public offe­ring, which ran from March 2 to 13, comprised five- and se­ven-year bonds paying 4.8643 percent and 5.0583 percent in annual interest, respectively.

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