delfin lee

Invest in PAGIBIG Housing Bonds for only P5,000

The Home Development Mutual Fund (HDMF), commonly known as Pag-ibig, recently issued bonds that even small-time investors can buy and invest in. Last week, the Pag-ibig Fund announced that they are issuing to the public the new series of Bahay Bonds, a five-year mortgage-backed security aimed at raising P300-600 million that Pag-ibig can use to sustain its housing loan services to beneficiaries.

Pag-ibig Fund’s Bahay or Housing Bonds will pay a coupon rate of 4.80% per year. Each bonds costs only P5,000 making it easier for retail investors to participate in this bond offering.

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Globe Asiatique (GA) IPO canceled as Pag-IBIG lawsuit looms

Globe Asiatique Realty Holdings Corp. (GA) submitted on September 6 a letter to the Philippine Stock Exchange (PSE) requesting to withdraw its P3.39 billion Initial Public Offering (IPO) slated this month.

Globe Asiatique cited as reason the resignation of BDO Capital and Investment Corporation as Issue Manager and Lead Underwriter. In its letter to the PSE, Globe Asiatique said BDO Capital did not talk to them about this decision and only knew of the latter’s resignation via a letter.

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