<article>Philippine diversified engineering conglomerate <a style="color: #000080;" href="http://www.dmcinet.com">DMCI Holdings Inc</a> plans to raise up to $22.4 million (P1 billion) by issuing retail bonds.</article>

Philippine diversified engineering conglomerate <a style="color: #000080;" href="http://www.dmcinet.com">DMCI Holdings Inc</a> plans to raise up to $22.4 million (P1 billion) by issuing retail bonds.
The company informed the stock exchange on Monday that its wholly-owned real estate subsidiary DMCI Project Developers Inc, had filed an application to the Securities and Exchange Commission for the registration of fixed rate retail bonds &#8211; DMCI Homes Saver Bonds &#8211; with an aggregate principal amount of up to P1 billion and with an initial offer of P5 million.
&#8220;Proceeds of the offer will be used by the Company for working capital and other general corporate purposes,&#8221; DMCI said in its statement.
The company&#8217;s consolidated net income in 2014 decreased by 43 per cent compared to 2013 mainly due to the one-time gain on sale recognized in 2013.
DMCI&#8217;s last trading price went down by 0.13 per cent or P0.020 to close at P14.92.
Also read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/dmci-gets-51-5m-lrt-2-contract-ph-2421/">DMCI gets $51.5m rail contract in PH</a>

DMCI Holdings Inc plans to raise up to $22.4 million (P1 billion) by way of retail bonds offer.

PH holding firm DMCI plans to raise $22.4m via retail bonds offer

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PH holding firm DMCI plans to raise $22.4m via retail bonds offer

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