PinoyStockMarket.com » Pag-IBIG http://www.pinoystockmarket.com Philippine Stock Market and Stock Exchange update and status Wed, 11 Aug 2010 15:38:38 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 HDMF eyes P12-B private bond placement http://www.pinoystockmarket.com/20091119-88835-hdmf-eyes-private-bond-placement/ http://www.pinoystockmarket.com/20091119-88835-hdmf-eyes-private-bond-placement/#comments Thu, 19 Nov 2009 14:02:06 +0000 admin http://www.pinoystockmarket.com/20091119-88835-hdmf-eyes-p12-b-private-bond-placement/ State-owned Home Development Mutual Fund (HDMF) prefers to privately place around P12 billion in bonds currently instead of undertaking a public offering of the debt paper, National Treasurer Robert Tan said.

HDMF, popularly known as the Pag-IBIG Fund, may forego a public sale of the bond “to simplify the process”, said Tan. A private placement usually involves no more than 20 financial institutions.

Pag-IBIG will use part of the proceeds to settle some of the state’s home mortgage financing agency debts. Tan said if Pag-IBIG decides later to use the facilities of the National Treasury to auction the bond, the authorities will help facilitate the process, he added.

]]> http://www.pinoystockmarket.com/20091119-88835-hdmf-eyes-private-bond-placement/feed/ 0