IFC plans first Philippine SME securitisation with $110m First Circle facility

IFC First Circle

The International Finance Corporation is proposing an investment of up to $110 million in a securitisation facility backed by SME receivables originated by Philippine fintech lender First Circle, marking what could become IFC’s first securitisation transaction in the country. The proposed financing package includes up to $30 million from IFC’s own account, comprising as much … Read more

Philippines Launches SE Asia’s First Green Equity Label with Tougher Sustainability Rules

PSE Philippines

Philippine-listed companies and firms planning to go public will need to meet stricter sustainability requirements to qualify for the country’s new Philippine Green Equity Label, the Securities and Exchange Commission (SEC) said on Thursday. The guidelines, the first of their kind in Southeast Asia, require companies to demonstrate that at least half of their revenues … Read more