PH Digest: Nomura exits brokerage venture; Jollibee to issue $600m notes

Manila Bay, Manila, Philippines. Photo: Eugenio Pastoral/unsplash

Philippine-listed bank BDO Unibank has agreed to buy out the stake of its stock brokerage partner Nomura while Jollibee Foods Corporation is offering $600-million US-dollar denominated notes.

Japan’s Nomura exits BDO stock brokerage venture

Japanese financial services giant Nomura Holdings is exiting its local stock brokerage venture with listed bank BDO Unibank after a four-year collaboration. Financial details of the deal were not disclosed.

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