PSE clarifies report on bond exchange deal

Isabelle Lee, ABS-CBN News

Posted at Apr 17 2018 01:54 PM

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MANILA - The Philippine Stock Exchange on Tuesday said it did not serve notice to discontinue a share purchase agreement that would allow it to take over the Philippine Dealing System.

The PSE issued the statement to clarify a newspaper report which said that it "backed out" of its bid to take control of the bond exchange after a March 31 deadline to complete purchase agreements lapsed.

The stock exchange, however, said it was "committed" to unifying the fixed income and equities markets.

"We remain keen on seeing this deal redound with the blessing of the regulator. That will be a win-win for everyone," PSE COO Roel Refran said.