ORIX METRO Raises PHP 4.16 Billion Fixed Rate Bonds on PDEx

In the photo from left are: ORIX METRO Leasing and Finance Corporation (OMLF) Treasury Division Head Victor Emmanuel Tiongson, OMLF Board Advisor Protacio Bantayan, Jr., First Metro Investment Corporation President Rabboni Francis Arjonillo, OMLF President Constancio Tan, OMLF Director Shintaro Yamaji, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President & COO Antonino A. Nakpil and ING Bank N.V Manila Branch Country Manager Hans Sicat.

In the photo from left are: ORIX METRO Leasing and Finance Corporation (OMLF) Treasury Division Head Victor Emmanuel Tiongson, OMLF Board Advisor Protacio Bantayan, Jr., First Metro Investment Corporation President Rabboni Francis Arjonillo, OMLF President Constancio Tan, OMLF Director Shintaro Yamaji, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President & COO Antonino A. Nakpil and ING Bank N.V Manila Branch Country Manager Hans Sicat.

15 November 2019, Makati, Philippines — ORIX METRO Leasing and Finance Corporation (OMLF) joined the community of PDEx listed companies as the 51st issuer with its maiden PHP 4.16 Billion 2-Year Bond listing. Maturing in 2021 and paying 4.55% p.a. quarterly, this issuance is the first tranche of its PHP 10 billion bond program.

“We are happy to note that this issue is more than twice oversubscribed from the original PHP 2 Billion planned, a positive sign of investor support and metric of success for an issuance. Through your company’s specialized area of lending, offering finance lease and mortgage loans for trucks and various types of equipment, especially in the countryside, it may easily be said that ORIX keeps the wheels of small and medium industries moving,” said PDEx President & COO Antonino A. Nakpil .

On his part, OMLF President Constancio Tan remarked: “The issuance is a milestone in our 42-year track record in the leasing and finance industry — a testament to our company’s strength and innovation that contributed to our sustained growth and profitability over the years.”

This 36th issuance hikes the year-to-date total of new listings on PDEx to PHP 350.70 Billion; and the total tradable corporate debt instruments listed on PDEx to PHP 1.3 Trillion.

PDEx Press Release_OMLF Bonds Due 2021

Robinsons Bank Raises Second Tranche of PHP 5 Billion bonds on PDEx

In the photo from left are: First Metro Investment Corporation First Vice President and Sales and Distribution Division Head Peter Anthony D. Bautista, BDO Capital and Investment Corporation President Eduardo V. Francisco, Robinsons Bank Corporation (RBANK) President  Elfren Antonio S. Sarte, RBANK Executive Vice President and Treasurer Ma. Regina N. Lumain, and Philippine Dealing & Exchange Corp. President & COO Antonino A. Nakpil.

In the photo from left are: First Metro Investment Corporation First Vice President and Sales and Distribution Division Head Peter Anthony D. Bautista, BDO Capital and Investment Corporation President Eduardo V. Francisco, Robinsons Bank Corporation (RBANK) President Elfren Antonio S. Sarte, RBANK Executive Vice President and Treasurer Ma. Regina N. Lumain, and Philippine Dealing & Exchange Corp. President & COO Antonino A. Nakpil.

14 November 2019, Makati, Philippines — In the second tranche of its PHP 10 billion corporate bonds program, Robinsons Bank Corporation (RBANK) raised another PHP 5 billion fixed rate bonds due 2021 on the Philippine Dealing & Exchange Corp. (PDEx).

“Fresh from its bond market debut three months ago, we are glad to see Robinsons Bank again today on its PHP 5 billion Fixed Rate Bonds Due 2021. Like the first tranche, this second tranche follows the same pattern, and was oversubscribed from the originally planned issue size of PHP 2.5 billion,” said PDEx President & COO Antonino A. Nakpil.

For his part, RBANK President Elfren Sarte remarked: “On the second tranche of the Bank’s bond issuance, we are deeply honored by the trust and confidence of the investing public that made this bond issuance 4.3x oversubscribed.”

With quarterly coupons at 4.30% per annum, this 35th listing for 2019 increases the total volume of new listings to PHP 346.54 Billion, and brings the year-to-date total of outstanding listed bonds to PHP 1.3 Trillion.

PDEx Press Release_RBANK Fixed Rate Bonds Due 2021

RCBC Lists PHP 7.5 Billion Fixed Rate Bonds on PDEx

In the photo from left are:  Standard Chartered Bank (SCB) Executive Director - Head of Capital Markets Erwein Catoto, SCB CEO Lynette Ortiz, RCBC Senior Executive Vice President and Treasurer Horacio E. Cebrero III and Philippine Dealing & Exchange Corp. (PDEx) President & COO Antonino A. Nakpil.

In the photo from left are: Standard Chartered Bank (SCB) Executive Director – Head of Capital Markets Erwein Catoto, SCB CEO Lynette Ortiz, RCBC Senior Executive Vice President and Treasurer Horacio E. Cebrero III and Philippine Dealing & Exchange Corp. (PDEx) President & COO Antonino A. Nakpil.

13 November 2019, Makati, Philippines — The Rizal Commercial Banking Corporation (RCB) listed PHP 7.5 billion of Fixed Rate Bonds Due 2022 on the Philippine Dealing & Exchange Corp. (PDEx) to further asset growth and build up liquidity. This tranche, more than twice oversubscribed from its original issue size of PHP 2 billion, has a 4.426% quarterly coupon.

“This 34th listing for 2019 brings the total new listings for 2019 to PHP 341.54 billion, or 33.20% higher than the 2018 year-end figure of PHP 256.40 and hikes the total volume of Bank Issues to PHP 497.01 Billion, or 38% of the total outstanding listed bonds of PHP 1.29 Trillion. These are record figures that are the result of a collective effort of our regulators, issuers, intermediaries, and investors, which the PDS Group infrastructure is privileged to catalyze,” said PDEx President & COO Antonino Nakpil.

“This issuance marks the third time the Bank has tapped the peso bond market. In July 2019, our Board of Directors approved the increase in the Bond Program to PHP100 billion as part of our strategic liquidity management. In February, we issued PHP15 billion of the ASEAN Green Bonds, and followed that with our PHP8 billion Sustainability Bond Offering in June. As of today, we have raised a total of PHP 30.5 billion—a testament to the confidence of the market in the credit quality of the Bank,” said RCBC Senior Executive Vice President and Treasurer Horacio E. Cebrero III.

“The success of our offering would not have been possible without the tremendous support from our investors. Our issuance had strong momentum in the market, allowing us to reach our target on the first day of the public offer period alone. The overwhelming demand we received enabled us to raise a total of PHP 7.5b billion, 2x more than what we initially aimed to raise,” he added.

PDEx Press Release_RCB Fixed Rate Bonds Due 2022

DBP’s Maiden ASEAN Sustainability Bonds Raise PHP18.125 Billion on PDEx

In photo from left are: China Banking Corporation Chief Finance Officer Patrick Cheng, China Banking Capital Corporation President Ryan Martin Tapia, Standard Chartered Chief Executive Officer Lynette Ortiz, Development Bank of the Philippines (DBP) Chairman Alberto Romulo, DBP President and Chief Executive Officer Emmanuel G. Herbosa, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil, Land Bank of the Philippines - Trust Banking Group Assistant Vice President Analiza Vasco, and Amalgamated Investment Bancorporation Executive Vice President and Chief Finance Officer Servando Alvarez Jr.

In photo from left are: China Banking Corporation Chief Finance Officer Patrick Cheng, China Banking Capital Corporation President Ryan Martin Tapia, Standard Chartered Chief Executive Officer Lynette Ortiz, Development Bank of the Philippines (DBP) Chairman Alberto Romulo, DBP President and Chief Executive Officer Emmanuel G. Herbosa, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil, Land Bank of the Philippines – Trust Banking Group Assistant Vice President Analiza Vasco, and Amalgamated Investment Bancorporation Executive Vice President and Chief Finance Officer Servando Alvarez Jr.


11 November 2019, Makati, Philippines — The Development Bank of the Philippines (DBP) listed PHP18.125 billion in the Philippine Dealing & Exchange Corp. (PDEx) in its maiden issuance of 2-year ASEAN Sustainability Bonds due 2021, paying 4.25% p.a. in quarterly coupons.
“We are pleased to welcome the DBP for its first ever listing for this PHP 18.125 billion, 2-year bond, and delighted to highlight that this bond emanates from DBP’s ASEAN Sustainability Bond Program, which we understand is a “first” of its own as a Program; aiming to provide financing and/or refinancing of specified “green,” “social,” or “sustainability” projects of up to PHP 50 billion. And we note that even this late in the year the investor appetite was not hampered to take in this new issue. The amount of PHP 18.125 billion raised, more than three times the original issue of PHP 5 billion, is a very positive response to DBP’s maiden ASEAN sustainability bond issuance as well as a good indicator of its clients’ trust and confidence in the bank,” said PDEx President and COO Antonino A. Nakpil.

DBP President and Chief Executive Officer Emmanuel G. Herbosa further underscored the significance of the initiative: “This is a historic milestone for DBP as this is the first ever listing of the Bank in PDEx. With the listing of the DBP ASEAN Sustainability Bonds, our Bank has made another significant stride towards the achievement of our mandate which is to be a catalyst of development for the Filipinos . . . to support and spearhead projects in line with the sustainable development goals of the country.”

DBP Chairman Alberto G. Romulo also remarked expressed gratitude and thanks, on behalf of DBP, to all parties involved in making the transaction possible.

The 2-year DBP ASEAN Sustainability Bonds Due 2021 is the 33rd listing for 2019 that brings the year-to-date total of new listings in PDEx to PHP 334.04 billion, which hikes the total level of tradable corporate debt instruments to PHP 1.28 trillion comprising of 186 securities issued by 50 companies.

PDEx Press Release DBP Series A ASEAN Sustainability Bonds Due 2021

Asia United Bank Debuts PHP 7 Billion Fixed Rate Bonds on PDEx

In the photo from left are:  China Banking Corporation Chief Finance Officer (CFO) Patrick Cheng, Asia United Bank Corporation (AUB) President Manuel Gomez, AUB Executive Vice President (EVP) and Treasury Group Head Antonio Agcaoili, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President and Chief Operating Officer Antonino Nakpil, First Metro Investment Corporation President Rabboni Francis Arjonillo, AUB Senior Vice President and Branch Banking Head Jacob Ng, AUB First Vice President and Investment Banking Head Abel Dorotan, and Amalgamated Investment Bancorporation EVP and CFO Servando Alvarez, Jr.

In the photo from left are: China Banking Corporation Chief Finance Officer (CFO) Patrick Cheng, Asia United Bank Corporation (AUB) President Manuel Gomez, AUB Executive Vice President (EVP) and Treasury Group Head Antonio Agcaoili, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President and Chief Operating Officer Antonino Nakpil, First Metro Investment Corporation President Rabboni Francis Arjonillo, AUB Senior Vice President and Branch Banking Head Jacob Ng, AUB First Vice President and Investment Banking Head Abel Dorotan, and Amalgamated Investment Bancorporation EVP and CFO Servando Alvarez, Jr.

07 November 2019, Makati, Philippines — Asia United Bank Corporation (AUB) debuts PHP 7 billion 3-year fixed rate bonds, the first tranche of its PHP 30 billion bond program, on the Philippine Dealing & Exchange Corp. (PDEx). The issuance was warmly received by the market, as the PHP 7 billion is more than twice the originally planned PHP 3 billion offer. With quarterly coupons pegged at 4.625%, the proceeds will be used towards general corporate purposes.

“This occasion of AUB’s maiden listing has a confluence of “firsts” that we can celebrate. While the listing activity for debt has been moving at a record pace this year, it is only now at the eleventh month at Listing number 32, that we have the chance to fete AUB as the First New Issuer for 2019, “ said PDEx President and COO Nino Nakpil. “A more significant first for this listing is this is the first listing of a bank bond covered by the Guidelines for Listing/Enrollment of Bonds issued via Bank Bond Issuance Programs, which became effective only yesterday, November 6.”

“The third of AUB’s firsts today, is in my opinion the most significant, as they are the first Issuer to have made available an electronic system for clients to fill up and sign so-called Application to Purchase or “ATP” Forms through an electronic device,” added Mr. Nakpil.

On the part of the AUB, its President Manuel Gomez said that “today not only formally marks a milestone for AUB with our maiden 3-year fixed rate bonds issuance and listing. For us, with the overwhelming demand, this day is a reminder of the continuous support we receive from our clients and the public.”

This 32nd listing for 2019 brings the year-to-date total of new listings to PHP 315.92 billion, pushing the total level of tradable corporate debt instruments to PHP 1.27 trillion issued by 49 companies, comprised of 187 securities.

PDEx Press Release_AUB Fixed Rate Bonds Due 2022_approved

 

BPI Lists Over PHP3 Billion of LTNCTDs on PDEx

In the photo from left are: The Hongkong and Shanghai Banking Corporation Limited President & CEO Graham FitzGerald, Bank of the Philippine Islands (BPI) Corporate Banking Head Juan Carlos L. Syquia, BPI Capital Corporation President Rhoda Huang, BPI Independent Director Ignacio Bunye, BPI President and CEO Cezar Consing, BPI Treasurer and Global Markets Head Antonio Paner, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President and COO Antonino Nakpil, and BPI Head - Asset and Liability, Global Markets Dino Gasmen

In the photo from left are: The Hongkong and Shanghai Banking Corporation Limited President & CEO Graham FitzGerald, Bank of the Philippine Islands (BPI) Corporate Banking Head Juan Carlos L. Syquia, BPI Capital Corporation President Rhoda Huang, BPI Independent Director Ignacio Bunye, BPI President and CEO Cezar Consing, BPI Treasurer and Global Markets Head Antonio Paner, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President and COO Antonino Nakpil, and BPI Head – Asset and Liability, Global Markets Dino Gasmen

25 October 2019, Makati Philippines — The Bank of the Philippine Islands (BPI) listed over PHP 3 Billion worth of Long-Term Negotiable Certificates of Time Deposit (LTNCTD) Due 2025 on the Philippine Dealing & Exchange Corp. (PDEx). With quarterly coupons priced at 4%, the issue’s proceeds will support the Bank’s business expansion plans, and diversify its funding sources.

“We are pleased to welcome the Bank of the Philippine Islands back for the listing of this over PHP 3 Billion LTNCTD on the organized market. This is, auspiciously, listing number thirty (30) for the year, breaking last year’s record of twenty-nine listings in one year,” said PDEx President and COO Antonino Nakpil.

About this issue, BPI President and CEO Cezar P. Consing remarked that “this capital raise will help finance the growth of a loan book that, with every passing quarter, becomes a bit more green, a bit more sustainable.”

The sole arranger and participating selling agent of these BPI LTNCTDs was the Hongkong and Shanghai Banking Corp. Limited and BPI Capital Corporation acted as the sole selling agent.

PDEx Press Release_BPI LTNCTD Due 2025

Aboitiz Power Lists Third Tranche of Fixed Rate Bonds on PDEx

 In the photo from left are: PNB Capital and Investment Corporation Vice President Sabino de Leon III, SB Capital Investment Corporation Co-Head & Managing Director Virgilio Chua, PDS Group President Ma. Theresa Ravalo, Aboitiz Equity Ventures, Inc. (AEV) Chief Financial Officer (CFO) Manuel Lozano, AEV First Vice President & Deputy Treasurer Maria Veronica So, Aboitiz Power Corporation CFO Liza Luv Montelibano, AEV Senior Vice President & Group Treasurer Gabriel Manalac, BDO Capital & Investment Corporation President Eduardo Francisco, First Metro Investment Corporation President Rabboni Francis Arjonillo, China Bank Capital Corporation President Ryan Martin Tapia,  Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil


In the photo from left are: PNB Capital and Investment Corporation Vice President Sabino de Leon III, SB Capital Investment Corporation Co-Head & Managing Director Virgilio Chua, PDS Group President Ma. Theresa Ravalo, Aboitiz Equity Ventures, Inc. (AEV) Chief Financial Officer (CFO) Manuel Lozano, AEV First Vice President & Deputy Treasurer Maria Veronica So, Aboitiz Power Corporation CFO Liza Luv Montelibano, AEV Senior Vice President & Group Treasurer Gabriel Manalac, BDO Capital & Investment Corporation President Eduardo Francisco, First Metro Investment Corporation President Rabboni Francis Arjonillo, China Bank Capital Corporation President Ryan Martin Tapia, Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil

14 October 2019, Makati Philippines — Aboitiz Power Corporation (AboitizPower) listed its PHP 7.25 billion 7-year Series D Fixed Rate Bonds on the Philippine Dealing & Exchange Corp. (PDEx). This third tranche of its PHP 30 billion debt securities program is pegged to issue quarterly interest payments at 5.2757% per annum.

The issuance “enables AboitizPower to fund its growth aspirations, while simultaneously providing debt investors with an opportunity to take part in a growth story they believe in. This endeavor gives us the opportunity to further our brand promise of advancing business and communities,” said AboitizPower Chief Financial Officer Liza Luv Montelibano.

PDEx’s 28th listing nudges the total amount of corporate securities listed to PHP 1.24 trillion, which is 19% higher than year end of 2018. “For the year-to-date figure, we are at PHP 282.05 billion today, and from listing date reservations, look to breach PHP 300 billion within November,” said PDEx President and COO Antonino Nakpil.

PDEx Press Release_AP Series D Fixed Rate Bonds Due 2026

PNB Lists PHP 4.6 Billion LTNCTDs on PDEx

In the photo from left are: The Hongkong and Shanghai Banking Corporation Limited President & Chief Executive Officer Graham FitzGerald, Philippine National Bank (PNB) Senior Vice President & Head of Global Markets Group Noel Malabag, PNB Executive Vice President, Chief Financial Officer & Head of Financial Management Sector Nelson Reyes, PNB Executive Vice President & Head of Retail Banking Sector Bernie Tocmo, PDS Group President Ma. Theresa Ravalo, and Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil

In the photo from left are: The Hongkong and Shanghai Banking Corporation Limited President & Chief Executive Officer Graham FitzGerald, Philippine National Bank (PNB) Senior Vice President & Head of Global Markets Group Noel Malabag, PNB Executive Vice President, Chief Financial Officer & Head of Financial Management Sector Nelson Reyes, PNB Executive Vice President & Head of Retail Banking Sector Bernie Tocmo, PDS Group President Ma. Theresa Ravalo, and Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil

11 October 2019, Makati, Philippines — Philippine National Bank (PNB) raised PHP 4.6 billion with its 5.5-year Long-Term Negotiable Certificates of Time Deposit (LTNCTDs) on the Philippine Dealing & Exchange Corp. (PDEx), more than twice the PHP 2 billion initial offer. Maturing in 2025, the LTNCTDs carry a 4.375% interest rate payable quarterly; and proceeds will be used for business expansion and funding diversification.

“This second tranche puts our total LTNCTD issuance for the year to PHP 12.82 billion. It brings the aggregate new PDEx listing for the year to PHP 26.70 billion,” said PNB Executive Vice President, Chief Financial Officer & Head of Financial Management Sector Nelson Reyes.

For PDEx’s part, President and COO Antonino Nakpil said: “The market expects PNB to stay true to its course of growth. This is a similar trajectory for PDEx as well. With this 27th listing, the total amount of new listings is now pegged at PHP 274.80 billion, a 91% increase from same period last year, and this already surpassed 2018’s record of new listings.”

PDEx Press Release_PNB LTNCTD Due 2025

SMC Lists Final Tranche of Fixed Rate Bonds on PDEx

In the photo from left are: BDO Capital & Investment Corporation President Eduardo Francisco, San Miguel Corporation (SMC) Senior Vice President and Deputy Chief Finance Officer Joseph Pineda, PNB Capital and Investment Corporation President and CEO Gerry Valenciano, SMC Vice President - Corporate Treasury Almira Dalusung, SMC Senior Vice President and Head of Treasury Sergio Edeza, Philippine Dealing & Exchange Corp. (PDEx) President and COO Antonino Nakpil, China Bank Capital Corporation Director Michael Chong, and RCBC Capital Corporation President and Chief Executive Officer Jose Luis Gomez

In the photo from left are: BDO Capital & Investment Corporation President Eduardo Francisco, San Miguel Corporation (SMC) Senior Vice President and Deputy Chief Finance Officer Joseph Pineda, PNB Capital and Investment Corporation President and CEO Gerry Valenciano, SMC Vice President – Corporate Treasury Almira Dalusung, SMC Senior Vice President and Head of Treasury Sergio Edeza, Philippine Dealing & Exchange Corp. (PDEx) President and COO Antonino Nakpil, China Bank Capital Corporation Director Michael Chong, and RCBC Capital Corporation President and Chief Executive Officer Jose Luis Gomez

04 October 2019, Makati Philippines — San Miguel Corporation (SMC) listed PHP 10 billion 5-year fixed rate bonds on PDEx, the fourth and final tranche of its PHP 60 billion fixed rate bonds shelf registration program. Proceeds of this issue, with an interest rate of 5.55% paid quarterly, will be used to redeem a preferred share issue, and re-finance loan obligations.

“The funds we have raised through the bond offerings have supported our corporate goals and plans to push for further growth of the company,” said San Miguel Corporation Senior Vice President and Treasury Head Sergio G. Edeza.

“SMC issuances have traditionally been characterized by strong investor appetite and support, given the depth and breadth of its businesses, and its history of stability and innovation, all of which have positioned it to be a significant contributor to the national economy. This is a position that is similar to its own participation within PDEx with its total of PHP 70 Billion of bonds listed and enrolled accounting for 6% of PDEx’s total outstanding listings,” said PDEx President and COO Antonino Nakpil.

PDEX’s 26th listing for this year hikes the total amount of new listings to PHP 270.20 billion, a 103% increase from the same period last year.

PDEx Press Release_SMC Series H Bonds Due 2024

Ayala Land Lists PHP 3 Billion Fixed Rate Bonds on PDEx

In the photo from left are: BDO Capital & Investment Corporation Syndicate & Distribution Officer Paula Tajanan, China Banking Corporation Treasurer and Head of the Treasury Group Benedict Chan, China Bank Capital Corporation President Ryan Martin Tapia, BPI Capital Corporation President Rhoda Huang, Ayala Land, Inc. (ALI) Chief Finance Officer, Chief Compliance Officer and Treasurer Augusto Bengzon, ALI Senior Vice President Anna Ma. Margarita Dy, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President & Chief Operating Officer (COO) Antonino Nakpil and ALI Treasury Senior Division Manager Jose Emilio Jamir

In the photo from left are: BDO Capital & Investment Corporation Syndicate & Distribution Officer Paula Tajanan, China Banking Corporation Treasurer and Head of the Treasury Group Benedict Chan, China Bank Capital Corporation President Ryan Martin Tapia, BPI Capital Corporation President Rhoda Huang, Ayala Land, Inc. (ALI) Chief Finance Officer, Chief Compliance Officer and Treasurer Augusto Bengzon, ALI Senior Vice President Anna Ma. Margarita Dy, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. (PDEx) President & Chief Operating Officer (COO) Antonino Nakpil and ALI Treasury Senior Division Manager Jose Emilio Jamir

30 September 2019, Makati Philippines — Ayala Land, Inc. (ALI) listed PHP 3 billion worth of Fixed Rate Bonds, paying 4.758% on quarterly coupons for a five-year tenor maturing in 2024. The proceeds of this issue will mostly be used to fund its Manila Bay projects.

“A mall opening and a bond issuance form a serendipitous way of displaying to bondholders exactly what their investments support,” said Philippine Dealing & Exchange Corp (PDEx) President & COO Antonino Nakpil. “This lifts the total outstanding amount of listed corporate securities to PHP 1.22 trillion, with the Ayala Group’s total outstanding listed issues at PHP 192 billion, making up 16% of the overall outstanding listed bonds on PDEx,” Mr. Nakpil added.

On ALI’s part, Mr. Augusto Bengzon remarked: “Today’s bond issuance is the second tranche under ALI’s PHP 50 billion debt securities program (DSP) registered with the Securities and Exchange Commission, making ALI the issuer with the largest outstanding issue amount, with PHP 107.6 billion total outstanding listed Securities on PDEx. This is the second for China Bank Capital to act as the Sole Lead Underwriter and Sole Bookrunner for an ALI Debt Capital Market issuance. First was the Short-Dated Note issued in 2017. The Bonds are priced at 35 bps, the lowest spread since PDEx started in 2008 for a domestic 5Y corporate bond.” BDO Capital & Investment Corporation and BPI Capital Corporation acted as the selling agents.

Mr. Bengzon also announced at the listing ceremony that ALI will be back for another listing in November 2019, as they plan to raise up to PHP 10 billion from the issuance of the fixed-rate bonds.

The ALI listing, PDEx’s 25th listing for the year, ends the third quarter of 2019 with new listings totaling PHP 260.20 billion, a 109% increase from the same period last year.

PDEx Press Release_ALI Fixed Rate Bonds_Due 2024