THE Securities and Exchange Commission (SEC) gave the go signal for two companies to raise P30 billion to refinance existing debts and fund future projects.

In an en banc session Tuesday, the SEC approved the P5-billion unsecured fixed rate bonds of property developer Sta. Lucia Land Inc., as well as the P15-billion and P10-billion issues of short-term commercial papers (STCPs) of BDO Leasing and Finance Inc.

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