The Philippine Stock Exchange, Inc. partners with the UK Government’s MOBILIST programme
Mobilising Institutional Capital Through Listed Product Structures, or MOBILIST, is a flagship UK public markets programme. It works by competitively sourcing and selecting emerging and frontier market investment products that support the climate transition and Sustainable Development Goals (SDGs), and channelling investments towards them.
By providing direct investment, technical assistance, advisory services, and enhanced visibility through the UK Government’s platforms, MOBILIST supports new scalable, replicable financial products to list on public markets.
MOBILIST is actively looking to identify eligible products in the Philippines that could benefit from its assistance.
MOBILIST is an intervention under the wider British Investment Partnership (BIP), which was launched by UK Minister for the Indo Pacific Ann Marie Trevelyan in Manilla in March. BIP is the initiative by which the UK will deliver packages of finance and technical assistance to support infrastructure development and the green transition in the Philippines. BIP brings together development finance, export finance, private sector finance, and finance from capital markets together with the best of UK technical and financial expertise to overseas markets.
17 July 2023, Manila/London. The Philippine Stock Exchange, Inc. (PSE) will partner with Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) to enable greater investment in sustainable development in the Philippines via products listed on the exchange. This partnership will see the PSE work with its network of intermediaries to identify products which would contribute to the SDGs or climate transition and link them directly to MOBILIST investors.
The partnership was announced at a bell-ringing ceremony hosted at the Exchange this afternoon.
His Majesty’s Ambassador to the Philippines, Laure Beaufils said: “The UK sees partnerships as critical to addressing global development challenges, including those related to climate change. We are proud to partner with the Philippines across a range of sectors to mobilise private and public finance toward sustainable development. Through MOBILIST and this partnership with the Philippine Stock Exchange, we add the power of public markets to these efforts.”
Ross Ferguson, who leads the MOBILIST programme at the UK Foreign Commonwealth and Development Office (FCDO), said: “Stock exchanges like PSE are key conduits for investment into emerging markets and make an invaluable contribution to economic growth and development. MOBILIST believes that public markets also hold immense potential to direct more capital toward achieving the UN SDGs in developing economies and exchanges can play a determining role in helping to realise this potential.”
Developing countries need at least $3.9 trillion in additional financing per year to achieve the UN SDGs. MOBILIST was created to help direct some of the $250 trillion in private capital currently held in products listed on global stock exchanges to help meet this financing gap.
Ramon S. Monzon, President and Chief Executive Officer at PSE, said: “The Philippine Stock Exchange, Inc. is pleased to enter into this partnership with MOBILIST as we mutually strive to assist and enable sustainability-oriented companies to access our equities market for their capital-raising requirements.”
MOBILIST Investment and Technical Assistance to PSE Participants
MOBILIST seeks to partner with financial institutions at the core of capital markets and welcomes proposals from PSE participants (brokers, investment banks and intermediaries of public offerings). MOBILIST can deploy equity capital, and provide debt securities issuers with technical assistance funding.
A Request for Proposal has been published on the MOBILIST website. Interested parties can contact Severin Luebke, MOBILST Team Leader, at [email protected] to arrange an information session.
The Philippine Stock Exchange, Inc. (PSE or Exchange) is a self-regulatory organization that provides and ensures a fair, efficient, transparent and orderly market for the buying and selling of securities. The Exchange also offers a convenient and efficient venue in raising capital to support the growth of businesses. As of end-June 2023, securities traded at the PSE include shares of 285 listed companies, eight real estate investment trusts, four dollar-denominated securities, and one exchange-traded fund. https://www.pse.com.ph
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