Delivery of Registry Reports

Attention: FI Brokering Participants and Selling Agents

In light of the evolving situation where Luzon has been placed under Enhanced Community Quarantine (ECQ) our offices as well as our 3rd party courier service provider continue to operate with skeletal workforces on site as required under the ECQ guidelines. Further, the Post Office which handles provincial deliveries has suspended its services until the end of the ECQ.

Given this, please be informed that there may be delays in the delivery of Registry Reports for investors who opted for the physical of their Statement of Accounts and Securities Receipt/Delivery Confirmation among others.  For the upcoming 1st Quarter SOA, should your clients wish to change their mode of delivery to email, kindly send us an Amendment Request no later than 30 March 2020.

For your guidance.

BPI Lists Over PhP 33 Billion of Fixed Rate Bonds on PDEx

BPI Fixed Rate Bonds - 03.27.20

27 March 2020, Makati, Philippines — The Bank of the Philippine Islands (BPI) lists its PhP 33,895,900,000 Fixed Rate Bonds Due 2021 on the Philippine Dealing & Exchange Corp. (PDEx). The bonds were more than six times oversubscribed from its initial offer due to the robust demand from its investor base. This is BPI’s second fixed-rate bond issuance for the year.

“We thank our investors and clients who supported this bond offer despite the volatile market conditions caused by the COVID-19 situation. The issuance will help us deliver the financial services that our fellow Filipinos need during this difficult time,” said BPI Treasurer Dino Gasmen.

The Joint Lead Arrangers of the issuance are BPI Capital Corporation and ING Bank N.V., Manila Branch, with the former also acting as the Sole Selling Agent and the latter as a Participating Selling Agent.

This 13th listing for 2020 brings the year-to-date total of new listings to PhP 147.47 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.42 Trillion issued by 56 companies, comprised of 202 securities.

PDEx Press Release_BPI Fixed Rate Bonds

PDS Client Services contact numbers

ATTENTION: PDS Market Community Participants

Pursuant to the imposition of Enhanced Community Quarantine and our government’s call for stricter measures to further prevent the spread of coronavirus disease (COVID-19) in the country, the PDS Group has created flexible work arrangements (i.e., skeletal workforce or work-from-home) to continue its operations while ensuring the safety of its employees and various stakeholders. Included in the work-from-home arrangement is our Client Services Unit, which provides first line of support and assistance to our market participants.

While we implement these new arrangements, we request for your understanding and patience if your calls are not immediately answered by our Client Services officers. Rest assured that the PDS Group is committed to continue providing the best customer experience to its participants and various stakeholders even during this public health emergency.

Client Services contact numbers remain the same. You may call 8884-4417, 8884-5022, or  8884-5063 or email clientservices@pds.com.ph or marketservices@pds.com.ph. In the event that those numbers are busy and you have urgent matters to discuss, you may also call the following mobile numbers:

+63 917 809 2877
+63 915 299 4545
+63 917 834 0944

Thank you for your understanding and continued support.

BankCom Lists PhP 5.03 Billion LTNCTDs on PDEx

BankCom Listing 03.17.20

17 March 2020, Makati, Philippines — Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, lists its PhP 5.03 Billion Long-Term Negotiable Certificates of Time Deposit (LTNCTDs) Due 2025 on the Philippine Dealing & Exchange Corp. Proceeds from the issued LTNCTDs, which have a tenor of 5.5 years and quarterly coupons priced at 4.50%, will support BankCom’s business expansion plans.

The Sole Bookrunner of the issuance is Standard Chartered Bank. Philippine Commercial Capital, Inc. and Standard Chartered Bank were the Joint Lead Arrangers while Bank of Commerce and Standard Chartered Bank acted as Selling Agents.

This 11th listing for 2020 brings the year-to-date total of new listings to PhP 98.57 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.37 Trillion issued by 56 companies, comprised of 201 securities.

PDEx Press Release_BankCom LTNCTDs

SMFB Debuts PhP 15 Billion Fixed Rate Bonds on PDEx

SMFB listing 03.10.2020

10 March 2020, Makati, Philippines — San Miguel Food and Beverage, Inc. (SMFB), the food and beverage flagship of the San Miguel Corporation, debuts its PhP 15 billion 5-year and 7-year fixed rate bonds on the Philippine Dealing & Exchange Corp. (PDEx). With quarterly coupons pegged at 5.05% and 5.25%, respectively, proceeds will be used to redeem the outstanding
PhP 15 million perpetual preferred shares.

In his welcome remarks, PDEx President and Chief Operating Officer Antonino A. Nakpil said: “What more can one say about SMFB, only the name is new, but the firm has a portfolio of well-established products with the market position, and brand loyalty of consumers across generations, to easily be described as iconic. Even in times such as now, when we are faced with the real prospects of self-quarantine and ‘lock-down’, your products are ready to serve our needs both nutritionally and recreationally, while at home; talk about diversification.”

“As we face a slew of challenges, both local and global, we take inspiration in corporations such as San Miguel, that have experienced and thrived through the up and down cycles, and know hurdles may be surpassed,” added Mr. Nakpil.

For his part, SMFB Vice President, Chief Finance Officer, and Chief Strategy Officer Ildefonso B. Alindogan remarked: “As a company, we remain positive about the years ahead. We will continue to expand the breadth of our product offerings and reinforce our presence in markets. We remain focused on delivering the best products to Filipinos, as well as providing growth and profits to all our stakeholders”.

This 10th listing for 2020 brings the year-to-date total of new listings to PhP 93.54 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.37 Trillion issued by 55 companies, comprised of 200 securities.

PDEx Press Release_SMFB Fixed Rate Bonds Due 2025 and 2027

 

Alsons Lists PhP 694 Million Commercial Paper on PDEx

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11 February 2020, Makati, Philippines — Alsons Consolidated Resources, Inc. (ACR) lists its PhP 694 Million Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx). This still forms part of ACR’s PhP 1.5 Billion tranche under its PhP 2.5 Billion Commercial Paper Program.

This 6th issuance and listing for the year brings the year-to-date total of new listings to PhP 66.04 Billion and the total level of tradable corporate debt instruments to PhP 1.39 Trillion, issued by 53 companies, comprised of 197 securities. This also increases ACR’s total outstanding listed amount to PhP 1.4 Billion on PDEx.

PDEx Press Release_ACR Series J and K Commercial Paper

PSBank Returns to the PDEx Bourse with its PhP 4.65 Billion Series B 3-Year Fixed Rate Bonds

PSBank listing 02.04.2020

04 February 2020, Makati, Philippines — Philippine Savings Bank (PSBank) returns to the organized secondary fixed income market for the listing of its 3-year PhP 4.65 billion fixed rate bonds — the second tranche of PSBank’s PhP 40 billion bond program. The bonds were priced at 4.50% per annum, with interests to be paid on a quarterly basis.
This third (3rd) issuance and listing for the year brings the year-to-date total of new listings to PhP 60.28 billion, and the total level of tradable corporate debt instruments to PhP 1.38 trillion, issued by 52 companies, comprised of 193 securities.

The event was also graced by Philippine Savings Bank Senior Vice President and Marketing Group Head Emmanuel Tuazon, Metropolitan Bank & Trust Company First Vice President Ricardo Pedrosa, First Metro Investment Corporation First Vice President Peter Anthony Bautista, Standard Chartered Bank (SCB) Executive Director, Head of Financial Markets Lourdes Patricia Felipe, SCB Executive Director, Head of Capital Markets Erwein Catoto, SCB Associate Director of Capital Markets Karl See, and SCB Director of Financial Institutions Ana Alba.

PDEx Press Release_PSB Bonds Due 2023

BDO Lists PhP 40.1 Billion Fixed Rate Bonds on PDEx

BDO LISTING 02.03.2020

03 February 2020, Makati, Philippines — BDO Unibank, Inc. (BDO) lists PHP 40.1 billion 2.5-year Fixed Rate Bonds on the Philippine Dealing & Exchange Corp. (PDEx). The bonds were eight (8) times oversubscribed from the initial PHP 5 billion offer size and now the largest single bond issuance from the private sector.
“The veritable metrics of BDO’s investors trust and support are there, depth as evidenced by the level of oversubscription, eight (8) times, and breadth in distribution, establishing a record of 8,674 holders for a single issue (eclipsing the previous number of 7,645 holders), enough demand and number of investors to close down the offering period in one week,” said PDEx President & Chief Operating Officer (COO) Antonino A. Nakpil.

“We are also happy to note that this is officially the first bond issuance to have investors that have opted to use the available ‘Name on Central Depository’ or NoCD structure for their holdings. And because the NoCD structure streamlines the pre and post settlement processes for active investors, this bodes well for the potential secondary market liquidity of this bond issue,” he added.

On BDO’s part, Executive Vice President and Treasurer Dalmacio D. Martin remarked: “The issuance of PHP 40.1 billion is historic as it is the largest private sector, single tranche local currency bond in the Philippines. The feat was achieved within a selling period of 1 week.
We recognize and appreciate the trust that our investors place in our Bank; their faith in us inspires us to continue to find ways to better serve them and all our stakeholders.”
This second (2nd) issuance and listing for the year brings the year-to-date total of new listings to PHP 55.63 billion, and the total level of tradable corporate debt instruments to PHP 1.38 trillion, comprising 192 securities and issued by 52 companies.

PDEx Press Release_BDO Fixed Rate Bonds Due 2022

PDEx Local Debt Market Welcomes 2020 with BPI’s Listing of PhP 15.3282 Billion 2-Year Fixed Rate Bonds

STEL0150

24 January 2020, Makati, Philippines — Bank of the Philippine Islands (BPI) returns to the local organized debt market for its PhP 15,328,200,000 2-Year Fixed Rate Bonds with coupons priced at 4.2423% per annum. This listing is more than five (5) times oversubscribed due to strong demand from both retail and institutional investors.

Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino A. Nakpil remarked: “Last year was a remarkable year for the fixed income primary market, which brought fresh records in the number of listings, forty (40) and total face amount of new bonds listed, PhP 375.6 Billion in a single year, up from twenty nine (29) and PhP 256.4 Billion respectively. This was helped in large part by the Bank Bond Issuance Program that started at the end of 2018 and snowballed through 2019. BPI was there at the start, the second bank to issue a bond, but with a PhP 25 Billion issuance that took the level of bonds listed across the milestone PhP 1 Trillion mark, memorable indeed.”

BPI President and Chief Executive Officer Cezar P. Consing said: “We are focusing on raising financing for our SME and micro finance businesses, among others. We believe that they will provide the uplift in the economy so we have raised over PhP 15 billion to increase our ability to serve them. We think it’s the right thing to do. We think it will be supportive of the economy’s growth; we want to take advantage of some of the very astute regulations that the BSP introduced which lowered the reserve requirements for bonds. These policies are supportive of the growth of the capital market.”

This issuance and listing marks the first listing for the year and brings the year-to-date level of total outstanding face amount to PhP 1.34 Trillion, issued by 52 companies, comprised of 191 securities.

PDEx Press Release_BPI Bonds Due 2022