Low rate helps bond market hit P137B

A NUMBER of conglomerates are taking advantage of the low interest rates in the country and registered rate bond P137 worth of corporate bonds with the state-run capital market regulator, the Securities and Exchange Commission (SEC) in the first half of this year.

The bulk or 88 percent of them amounting to P121 billion, were registered under its “shelf registration system” for offering on a continuous or delayed basis over a period not exceeding three years SEC said in a statement.