UnionBank of the Philippines (UBP), owned by the Aboitiz Group, announced last week that it is planning to offer to the public PHP 5 billion worth of tax-free, high-yielding Long-Term Negotiable Certificate of Deposits or LTNCDs.
San Miguel Corp. (SMC) ‘Series 2’ Preferred Shares
A few days ago, I drove by a Petron outlet to gas up and noticed a poster advertising San Miguel Corporation (SMC)‘s public offering of its “Series 2” Preferred Shares. There’s nothing illegal about the advertisement. SMC is a primary stockholder of Petron Corp. and they can advertise anything in any of their Petron branches.