PDS Operations During General Community Quarantine

Please be advised that the PDS Group shall continue to observe its shortened operating hours as announced in its 16 March 2020 memo notwithstanding the implementation of General Community Quarantine (GCQ) in Metro Manila starting 1 June 2020.

We have attached a copy of the said memo for your reference. This schedule shall be in effect until further notice. 

For your guidance and information.

Memo to Market Community Participants No. 02-2020 Revised Schedule of PDS Group Operational Hours

Issuers that have accepted the PDTC Guidelines for Secondary Market during ECQ

Below is the list of Issuers that have accepted the PDTC Guidelines for Secondary Market during ECQ as of 20 May 2020:

ISSUER
1 Aeon Credit Service (Philippines), Inc.
2 Alsons Consolidated Resources, Inc.
3 Asia United Bank
4 Ayala Corporation
5 Ayala Land Inc.
6 Bank of Commerce
7 Bank of the Philippine Islands
8 BPI Family Savings Bank
9 Century Properties Group, Inc.
10 China Banking Corporation*
11 Cirtek Holdings Philippines Corporation
12 Development Bank of the Philippines
13 East West Banking Corporation
14 Globe Telecom Inc.
15 Land Bank of the Philippines
16 Orix Metro Leasing and Finance Corporation
17 Megaworld Corporation
18 Metropolitan Bank & Trust Company
19 Petron Corporation
20 Philippine Bank of Communications
21 Philippine Long Distance Telephone Company
22 Philippine National Bank
23 Philippine Savings Bank
24 Rizal Commercial Banking Corporation
25 Robinsons Bank Corporation
26 Rockwell Land Corporation
27 San Miguel Brewer, Inc.
28 San Miguel Corporation
29 San Miguel Food & Beverage, Inc.
30 SM Prime Holdings, Inc.
31 Security Bank Corporation
32 SMC Global Power Holdings Corporation
33 SL Agritech Corporation
34 South Luzon Tollway Corporation
35 Vista Land & Lifescapes, Inc.
*For trade transactions ONLY; non-trade not included        

 

For your information  and guidance.

Declaration of Monday, 25 May 2020, as a Regular Holiday

In accordance with Presidential Proclamation No.944 s. 2020, please take note that 25 May 2020, Monday, is declared as a regular holiday in observance of Eid’l Fitr (Feast of Ramadhan).

Attached herein is a copy of the Presidential Proclamation No.944 s. 2020 for your reference.

Regular trading and settlement operations will resume on Tuesday, 26 May 2020.

For your guidance and information.

20200519-PROC-NO-944-RRD

Revised Publication for PHPBVAL Benchmark Tenors During the Period of Shortened Trading Hours

We have been informed by the Bankers Association of the Philippines that a snapshot of the BVAL Benchmark Tenors can now be captured at the present close of 2:00 PM. To this end, the BAP has instructed that publication of such BVAL Benchmark Tenors be done at the same time as the BVAL GS Rates.

In line with the above, please be advised that starting today, PHPBVAL Benchmark Tenors based on the 2:00 PM snapshot will be published at the following time schedules:

PHPBVAL Benchmark Tenors Publication Times
  From (current)  To (updated time)
Bloomberg Terminal (PDEx <GO>) 4:30 PM 2:30 PM
MarketPage 4:45 PM 2:45 PM
PDS Website 5:00 PM 3:00 PM

 

For your guidance and information.

 

RCB Lists PhP 7.05 Billion Series A Fixed Rate Bonds on PDEx

RCB Listing - 04.06.2020

7 April 2020, Makati, Philippines Rizal Commercial Banking Corporation (RCB) lists its PHP 7,054,300,000 Series A Bonds Due 2022 on the Philippine Dealing & Exchange Corp. (PDEx). The 2-year bonds were oversubscribed from RCB’s initial offering of PhP 3 Billion and carry an interest rate of 4.848% per annum to be paid quarterly.

Proceeds from RCB’s fourth issuance under its PhP 100 Billion bond and commercial paper program will be used to support its asset growth, re-finance maturing liabilities, and fund other general purposes.

The Hongkong and Shanghai Banking Corporation Limited (HSBC) acted as the Sole Lead Arranger and Bookrunner, with RCBC Capital as the Financial Advisor for this Bond issuance. The Selling Agents for the Bonds are HSBC and RCB.

This 14th listing for 2020 brings the year-to-date total of new listings to PhP 154.72 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.43 Trillion issued by 56 companies, comprised of 203 securities.

PDEx Press Release_RCB Series A Bonds

 

UnionBank Lists PhP 6.8 Billion Notes on PDEx

IMG_20200224_085859

24 February 2020, Makati, Philippines — Union Bank of the Philippines (“UnionBank” or “the Bank”) has successfully raised PhP 6.8 billion worth of Series A Unsecured Subordinated Notes Eligible as Tier 2 Capital (“Tier 2 Notes”), PhP 1.8 billion or 36% higher than its target issue size of PhP 5 billion.

In December 2019, The Bangko Sentral ng Pilipinas (“BSP”) approved the issuance of up to PhP 20 billion worth of Tier 2 Notes to be issued in tranches within a period of one year.

The Bank’s Tier 2 Notes have a tenor of 10.25 years, and will be callable in 5.25 years, starting May 24, 2025. The Tier 2 Notes will bear an interest rate of 5.25% per annum and will mature on May 24, 2030.

Standard Chartered Bank and The Hongkong and Shanghai Banking Corporation Limited acted as Joint Lead Arrangers, Bookrunners and Selling Agents for the issuance, alongside UnionBank who acted as the Limited Selling Agent. Asia United Bank Corporation will act as Market Maker for the Tier 2 Notes.

PDEx Press Release_UBP Series A Unsecured Subordinated Notes Due 2030 Callable in 2025

EastWest Lists Maiden Issuance of Fixed Rate Bonds on PDEx

IMG_20200221_085959

 21 February 2020, Makati, PhilippinesEast West Banking Corporation (EW) lists its maiden issue of PhP 3.7 billion fixed rate bonds under its PhP 10 Billion bank bond program on the Philippine Dealing & Exchange Corp. (PDEx).

The 3-year bonds were oversubscribed from EW’s initial offering of PhP 2 Billion and carry an interest rate of 4.500% per annum to be paid quarterly.

This 8th listing for 2020 brings the year-to-date total of new listings to PhP 71.74 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.39 Trillion issued by 54 companies, comprised of 201 securities.

PDEx Press Release_EW Fixed Rate Bonds Due 2023

Cirtek Debuts in the PDEx Organized Secondary Market

dsd

20 February 2020, Makati, Philippines — The local debt market welcomes Laguna-based semiconductor manufacturer Cirtek Holdings Philippines Corporation (TECH) with the debut issuance and listing of its PhP 2 Billion Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx).

In his welcome remarks, PDEx President & Chief Operating Officer Antonino A. Nakpil said: “It is also most fitting that Cirtek, a home-grown firm that has established itself in the international market, experiences the funding support available from the local, i.e. also home-grown, bond investors. Even to this day, the amount of investment demand continues to amaze, as in this month of February 2020 alone, our segment of the capital market will generate over PhP 460 Billion of funding for both government and private debt issues.”

“Events like these permit us to reaffirm our advocacy to expand the public debt market to reach more issuers and allow them the benefits of a direct relationship with their investors. And as has been experienced by most of our listed issuers, this is a relationship which when virtuously nurtured, becomes long term as first time issuers become returning issuers to a readily waiting pool of ‘loyal’ investors,” added Mr. Nakpil.

TECH Vice Chairman and President Jorge S. Aguilar remarked: “Cirtek is 35 years on going business with proven track records of impressive growth, strong management team, and annual dividend declaration to shareholders. With our rich business experience, Cirtek can weather economic slowdown recession and financial crisis. Our business is built on best quality practice, low overhead / hands on style and competitive price.”

The event was also graced by Sole Arranger and Lead Underwriter Multinational Investment Bancorporation Chief Operating Officer Dindo Caguiat, and Vice President Patricia Flores, and Trustee AB Capital and Investment Corporation Assistant Vice President Michael Yuson.

This 7th listing for 2020 brings the year-to-date total of new listings to PhP 68.04 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.39 Billion issued by 54 companies, comprised of 200 securities.

PDEx Press Release_TECH Commercial Paper Series ABC

Arthaland Corporation taps the Local Debt Market with its Maiden Issuance of ASEAN Green Bonds

ALCO listing 02.06.2020

06 February 2020, Makati, Philippines — Philippine Dealing & Exchange Corp. (PDEx) warmly welcomes Arthaland Corporation (ALCO), which has established a track record for high quality and sustainability in all of its projects, for its maiden bond issuance and listing of a 5-year PhP 3.0 billion Fixed Rate ASEAN Green Bonds with quarterly coupons pegged at 6.3517% pa.
“The PDS Group takes inspiration from ALCO’s mantra of “building sustainable legacies”, as it has embarked on its own mission to streamline its operations by digitizing more of its processes and activities toward that “paperless” end goal,” said PDEx President & Chief Operating Officer Antonino A. Nakpil.

“And for an infrastructure provider like the PDS Group, digitization is the gateway to inclusion. This will be a community effort as we will work with stakeholders, Issuers, Underwriters, Selling Agents and Regulators to fulfill a vision of a digital ecosystem for fixed income instruments. To that end, we have seen some positive developments, and with luck, by the time ALCO returns for the balance of its SEC approved Shelf Registration, there would be much more fully paperless submissions from the Selling Agents to the Registry,” he added.
“World class quality and sustainability is at the heart of each ARTHALAND project,” said Jaime C. Gonzalez, ALCO’s Vice Chairman and President. “The proceeds from the offering allow us to continue to lead the green building charge as we plan to dramatically grow our portfolio of high quality, sustainable projects in key urban areas.”

With this 5th listing of the year, the level of new corporate securities listed on PDEx now stands at PhP 65.35 billion, and this brings the total outstanding listed corporate securities to PhP 1.39 trillion, a 5.0% increase from year end 2019.

PDEx Press Release_ALCO Green Bonds Due 2025