Napocor to sell $ 500-M 10-year bonds.
MANILA/HONG KONG, Oct. 25 (Reuters) -- National Power Corp. (Napocor), which owns most of the power plants in the Philippines, is looking to sell a $ 500 million, 10-year bond as early as Wednesday, a government agency said. "We are trying for tonight, New York time," said...

Business briefs.
COLUMN: BUSINESS BRIEFS TELEGRAM & GAZETTE Bloomberg Index Central Massachusetts -2.13 189.51 Volume: 56,894,241 Up: 4 Down: 20 Unchanged: 5 Gainer: CNB Financial Corp. $8.45 +$.90 (volume...

Philippine dollar bonds fall as political tensions rise.
HONG KONG, July 8 (Reuters) Dollar-denominated Philippine government bonds fell on Friday because of rising political tension in the country as eight cabinet ministers quit and called on President Gloria Macapagal Arroyo to resign. The Asian dollar bond market in general remained under pressure after bomb attacks...

NEWS IN BRIEF; Peso closed at P49.62.
The peso closed at P49.62 to the US dollar at the Philippine Dealing System of the Bankers Association of the Philippines last Friday. The weighted average rate stands at P49.737. Shares seen to consolidate Local share prices are likely keep consolidating in the coming week,...

RP launches $1-B sovereign bonds.
Byline: DOMINIC LAU AND ROSEMARIE FRANCISCO HONG KONG/MANILA, Jan. 26 (Reuters) The Philippines, battling a chronic budget deficit, is selling $1 billion of 25-year bonds, the first of its planned $4 billion in overseas offerings this year. "We are looking to raise $1 billion via...

Philam Group names Cruz Chief Investment Officer.
AIG Country Manager and Philamlife President and CEO Jose L. Cuisia Jr. announced the appointment of former National Treasurer Omar T. Cruz as the company's new Chief Investment Officer, with the rank of Executive Vice President, replacing Edgardo A. Grau who is leaving Philamlife on November 30, 2007 after...

BSP keeps overnight rates unchanged.
The Bangko Sentral ng Pilipinas kept overnight rates steady yesterday, as expected, saying it wants to monitor the impact of a tiered interest rate system before further policy moves. The bank also said high liquidity in the economy made a "prudent pause" appropriate. Analysts noted...

RP peso bonds likely to suffer.
Byline: UMESH DESAI HONG KONG, Dec. 8 (Reuters) a" Philippine government peso bonds, buoyed recently by a sea of cash from redemptions and remittances, are likely to suffer a reverse in coming weeks as inflows slow and inflation fears take hold, analysts say. Remittances from...

RUSSIA - Oct.8 - Debt Upgrade.
Moody's Investors Service places 4 Russian banks on review for an upgrade in the first signal of how companies can benefit from the historic upgrade of Russia's sovereign credit rating to investment grade. Russia's largest mobile phone operator, Mobile TeleSystems, is having its $400m international bond priced just as...

BDO leads in bancassurance business.
Byline: FIL C. SIONIL BDO Unibank Inc. is having the best of both worlds in terms of its bancassurance business arising from its alliance with the country's top two insurance players, Philippine-American General and Insurance Company (Philamlife) and Generali Pilipinas Life Assurance Co. The two...