Metrobank Lists PhP 8.68 Billion LTNCTD Due 2024 on PDEx


04 October 2018, Makati Philippines – Metropolitan Bank & Trust Company (Metrobank), the first bank to list its issues in the PDEx secondary market, returned for the fifth time to herald the start of trading of its PhP 8.68 Billion Long-Term Negotiable Certificate of Time Deposit (LTNCTD) due 2023.

With Metrobank’s listing, the Ty group of companies’ cumulative level of outstanding securities listed on PDEx stands at PhP 68.79 Billion, representing 7% of the total corporate fixed-income issues in the organized secondary market.

This 17th listing for the year marks the 135th listing since the since the market was opened to the public investors in 2008, which brings the year-to-date total of new listings to about PhP 133.18 billion and the total level of tradable corporate debt instruments to PhP 925.06 billion, reflecting a 23% increase from the same period last year.

Metrobank Officers attended the occasion including Asset Liability Management Division Head Edgar Alan P. Guerrero, Markets Sales Group Head Angelica S. Reyes, Distribution Division Head Benigno G. Tobias and Retail Banking Sector Metro Manila Head Lita S. Tan. Standard Chartered Bank Chief Executive Officer Lynette V. Ortiz also graced the event as the Sole Arranger and Selling Agent of the issue. #

PDS Press Release – MBT LTNCD Due 2024 FINAL

RCBC Lists PhP 3.58 Billion LTNCTD Due 2024 on PDEx

PSBank Photo Release

28 September 2018, Makati Philippines – The local debt market marked the end of the third quarter of 2018 by welcoming Rizal Commercial Banking Corporation (RCBC) back to the podium for the listing of its PhP 3.58 Billion 5.1/2-year Long-Term Negotiable Certificates of Time Deposit (LTNCTD), the first tranche of its P20-Billion LTNCTD program.

RCBC is the seventh bank to join the ranks of the returning Issuers in PDEx, perpetuating a virtuous cycle of issuing instruments to their increasingly brand-loyal investors.

“This is a trend that we are working to reinforce as we strive ever closer toward SEC approval of the guidelines for Bank-Issued Bonds, which as currently drafted, may well facilitate the shortest cycles from deal conception to primary issuance,” said PDEx President and COO Antonino A. Nakpil.

This regular return of bank issuers provides more instruments for investors, whose market-related transactions now make up 67% of traded volume in the PDEx secondary market.

For this 16th listing for 2018, the year to date face amount of new listings stands at PhP 124.50 Billion, and the total outstanding amount of listed bonds at PhP 916.38 Billion.

RCBC Senior Executive Vice President John Thomas G. Deveras remarked: “This LTNCTD will provide us a competitive long-term funding base that will support our growth objectives. It will provide us an avenue for liquidity and market access especially for small investors. The proceeds of this tranche, and those of succeeding tranches, will likewise help us expand our lending activities, most especially to the small and medium businesses.”

RCBC Officers attended the event including Senior Vice President Jose Maria P. Borromeo, Senior Vice President Maria Teresa C. Velasco, Senior Vice President Steven T. Reyes, Senior Vice President Ismael S. Reyes, First Senior Vice President Alberto N. Pedrosa, First Vice President Francisco G. Singian, Jr., First Vice President Maricel Elena M. Peralejo, Vice President Don A. Tamayo and Manager Robby Carlo J. Gaerlan. The Hongkong and Shanghai Banking Corporation Limited, the issue’s Sole Lead Arranger, Sole Bookrunner, and Selling Agent, was also present represented by the Head of Debt Capital Markets, Corazon D. Purisima. #

PDS Press Release – RCBC LTNCD Due 2024 FINAL

RE: Declaration of Monday, 14 May 2018, as a special (non-working) Holiday

In accordance with Presidential Proclamation No. 479 s. 2018, please take note that 14 May 2018, Monday, is declared as a special (non-working) holiday to allow voters to participate in the Barangay and Sangguniang Kabataan (SK) elections.

We attach herein a copy of the Presidential Proclamation No. 479 s. 2018 for your reference.

Regular trading and settlement operations will resume on Tuesday, 15 May 2018.
For your guidance and information.


Recalculation of PDST-R2 Reference Rates for 26 April 2018

Please be advised that PDST-R2 Reference Rates have been amended to reflect the adjustment arising from an error trade reported by participants.

From To
3Y D 4.5962 D 4.5960
RTB 10-01 I 4.3921 I 4.3920
FXTN 05-73 I 4.3929 I 4.3928
FXTN 10-51 I 4.4149 I 4.4148
FXTN 10-52 D 4.5962 D 4.5960
FXTN 03-23 D 4.5962 D 4.5960
RTB 10-02 D 4.5962 D 4.5960
FXTN 07-57 D 4.5962 D 4.5960
FXTN 10-53 I 4.5977 I 4.5974
RTB 10-03 I 4.8536 I 4.8535


PDS data platforms have been updated to reflect these changes.

For your guidance and information.

The debt market closes a banner year with RCBC’s listing of Long-Term Negotiable Certificates of Time Deposit due 2020 In PDEx

RCBC Photo Release

19 December 2014, Makati City, Philippines – The debt market celebrated the final listing for 2014 with the listing of Rizal Commercial Banking Corporation’s (RCBC) PhP 2.1 Billion Long-Term Negotiable Certificates of Time Deposit (LTNCTD) Due 2020 in the PDEx market.

The return of RCBC in the debt market brings a record year-end figure of PhP 191.85 Billion and the total level of tradable corporate debt instruments to PhP 470.31 Billion issued by 31 companies, with 88 securities being traded. This marks a 129.76%¬ growth in the outstanding issue size of listed corporate bonds from last year.

RCBC is a steadfast supporter of the registered market and an early member of the PDEx Issuer Community, being the second bank to be listed as an issuer since the public market opened in 2008. It is also an active participant in most of the fixed-income market activities.

PDS Group President & CEO Cesar B. Crisol said: “With more bank-issued instruments being listed for public trading, we hope to see the continued development of the depositors’ mindsets from short-term savers to longer-term investors aware of the variety of investment alternatives, liquidity and price information available to reasonably assess and make long-term investment commitments. As we enhance the integrity and capacity of the market to facilitate listing and trading of more types of debt securities, we look forward to further expanding the Issuer community with more institutions raising funds through the capital markets for growth and expansion.”

RCBC Executive Vice President John Thomas G. Deveras remarked: “RCBC fully supports the initiatives of PDEX, with the listing of our LTNCDs in particular, as we understand that this is of prime importance to our depositors and client base. The listing provides the avenue for liquidity and market access, and more importantly, for transparency, especially for small investors. This listing, and that of our future debt issuances, will showcase the bank’s commitment in providing the investing community with investment options which can be traded in a transparent public exchange.”

RCBC Directors and Issue Underwriters graced the event, including RCBC Senior Vice President Carlos Cesar B. Mercado, RCBC First Vice President Francisco G. Singian, Jr., RCBC First Vice President Maria Teresa C. Velasco, and The Hongkong and Shanghai Banking Corporation Limited SVP and Global Markets Head Dondi D. Baltazar.


Press Release-RCBC LTNCTD Due 2020_V2

Bank of China Limited, Manila Branch and PDS Group Ink Agreements to Bring the RMB Currency to the Philippine Financial Market Infrastructure

PR photo RMB Launch_FINAL

Makati City, Philippines – The Bank of China Limited, Manila Branch (BOC-MNL) and the PDS Group jointly celebrated the execution of agreements on October 21 at the Makati Shangri-La Hotel that will activate the Domestic Renminbi (RMB) Transfer Service in the Philippines. Their strategic alliance was sealed on further projects to enable the trading of RMB in our domestic foreign exchange market, and later, the trading of RMB-denominated fixed income securities in the bond market.

The occasion was graced by the Ambassador of the People’s Republic of China to the Philippines Madame Ma Keqing, and Bangko Sentral ng Pilipinas Deputy Governor Diwa C. Guinigundo, who joined the festivities welcoming the new Transfer Service that would improve efficiency through real-time RMB transfers among participating Philippine banks, reduce friction costs for trade related payments, and extend service hours for RMB payments done within the Asian Region.

This partnership draws from BoC’s role in key activities in the Offshore and Onshore RMB Payment Systems and PDS Group’s experience in operating the domestic foreign currency transfer system for the Philippine financial market.

BoC Group’s Chief Operating Officer, Mr. Yang Shihua, stated, “In the face of the numerous business opportunities brought about by RMB internationalization, BoC would like to cooperate ever more closely to build an RMB market in the Philippines. At last, I wish a successful operation of the BoC-PDS RMB clearing system and a flourishing business of all the friends from the financial sector and industrial and commercial circles present here today,”

For his part, PDS Group CEO Cesar B. Crisol said in his keynote speech, “We are grateful to partner with BoC in bringing our initiatives to give robustness, resiliency and vigor to our financial market. Our collective drive and hard work has come to fruition. We look forward in implementing the next two phases for the development of Domestic RMB Service suite. For PDS Group, RMB is just the first of other foreign currencies to be added to the Domestic Transfer System. With these pursuits, PDS hopes to duplicate the same level of professional cooperation and spirit of partnership that it has experienced with BoC with other Cash Settlement Banks.”#

Bank of China Limited, Manila Branch and PDS Group Ink Agreements to Bring the RMB Currency to the Philippine Financial Market Infrastructure