Ayala Corporation is issuing up to PhP 5.0B worth of fixed-rate bonds to refinance their existing debt and for general working capital. The bond has a tenor of 5 years and 1 day. The issue date is November 21, 2007 and the maturity date is November 22, 2012. It has a coupon rate of 6.825% paid every... (more...)

Banco de Oro will offer to the public PhP 10B worth of unsecured and subordinated notes as part of its capital build up. It will have a maturity of 10 years but Banco de Oro may call it after 5 years. The coupon will be based 7% paid semi-annually. The coupon will incorporate a step up... (more...)

Talk about near misses. My colleagues and I had lunch at Luk Yuen the day before yesterday's bomb explosion in Glorietta 2. It had been some time since we had last eaten there and they wanted to go around the mall to unwind. It was just like any other ordinary lunch break and I am sure... (more...)

Metrobank is issuing subordinated notes otherwise known as lower tier-2 notes as part of their capital build up. The issue has a tenor of 10 years callable by the issuer after 5 years which means Metrobank may redeem the note after 5 years. The note carries a coupon of 7% payable quarterly. If... (more...)

After last Friday's EB, I was originally thinking of writing about UITFs but thought it might be better to discuss the assets held by these funds. Because FM is a bulletin board primarily dedicated to the discussion of the Philippine Stock Market, I presume everyone is familiar with stocks, the... (more...)

Last August 31, 2007, I entered into a trade with a buy of 3,000 shares of Meralco B at 102.00 The previous night I had studied its chart and concluded that a break out from the neck line of a reverse head and shoulders was about to occur. The volume of shares traded seemed to confirm it and when a... (more...)

6 years ago I smoked a pack and a half a day the past 8 years. More if I pulled all nighters with my buds. My wife smoked but gave it up upon the birth of our first child. One day I told myself that I would no longer be a slave to my cravings and that I would say NO and keep my word. I found the opportune... (more...)

On the way home from a meeting, I found out that my assigned driver's previous employment was as a valet parker for a well known KTV joint. He had been there since 1998 which is around the same time I was frequenting the place. I mentioned some of my female acquaintances and he was quite familiar... (more...)