Security Bank Lists PhP 2.07 Billion LTNCTD in PDEx

SECB listing 02.05.2020

05 February 2020, Makati, Philippines — Security Bank Corporation (SECB) lists PhP 2.07 billion worth of Long-Term Negotiable Certificates of Time Deposit (LTNCTD) Due 2025, the third tranche of its approved PhP 20 billion LTNCTD issuance, on the Philippine Dealing & Exchange Corp. (PDEx).

PDEx President & Chief Operating Officer Antonino A. Nakpil said: “It is early in the listing year and the banking sector is continuing the trend of the past eighteen months by taking all four of the first listings. But we are encouraged by the fact that Issuer Banks have been the pilot testers of various PDS initiatives to streamline the listing and registration process, that is NoCD, FI-ATP 2019, digitized ATPs to name a few. Thank you for this support and we welcome all feedback to improve these services.”

On SECB’s part, Senior Vice President & Deputy Treasurer Orencio Andre P. Ibarra III remarked: “This LTNCTD issuance is part of the bank’s efforts to diversify its funding sources and to support future business expansion plans. We now live in an increasingly unpredictable and volatile world. Just last month, we saw the US – Iran conflict escalate, the eruption of Taal volcano and most recently the spread of the novel corona virus. It is just prudent that our bank continue to secure longer term funding to minimize any uncertainties related to these kinds of events.”

Today, the total new listings for the year stand at PhP 62.35 billion and the total level of debt instruments listed is now at PhP 1.38 trillion, composed of 194 securities, issued by 52 companies.
PDEx Press Release_SECB LTNCTD Due 2025_third tranche

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

VISTA LAND LISTS PHP10 BILLION FIXED RATE BONDS ON PDEx

In the photo from left are: SB Capital Investment Corp. Senior Director Joy Supan,  PNB Capital and Investment Corp. President & Chief Executive Officer (CEO) Gerry Valenciano, China Bank Capital Corporation President Ryan Martin Tapia, Vista Land and Lifescapes, Inc. (VLL) Chairman Manuel Villar, VLL President & CEO Manuel Paolo Villar, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil, and VLL Chief Financial Officer Brian Edang.

18 December 2019, Makati, Philippines — Vista Land and Lifescapes, Inc. (VLL) lists PHP 10 Billion Series E Fixed Rate Bonds Due 2025 on the Philippine Dealing & Exchange Corp. (PDEx). The bonds have a 5.5 year-tenor, with quarterly coupons priced at 5.6992% per annum, and is oversubscribed twice the originally planned PHP 5 billion issue size.

“This is the largest issuance by far of Vista Land and a positive statement of support from its investors, and each of whom VLL will reciprocate with the gift of cash liquidity by way of coupon payments during the next five holiday seasons. This event is more memorable as it is listing Number 40 for 2019, a milestone for annual fixed income primary market activity that surpasses the previous high of 29 listings, and also sets the volume record at today’s level of PHP 375.61 Billion in one year,” said PDEx President & Chief Operating Officer (COO) Antonino A. Nakpil.

While on VLL’s part, Chairman Manuel Paolo A. Villar remarked: “It is indeed an honor and a privilege to be here for the listing of our P10 billion fixed rate bonds due 2025. It was in July 2017 when we had our first shelf registration of fixed rate bonds in the aggregate principal amount of P20 billion, and today, we are issuing the final tranche worth P5 billion. Last November, we set up a new shelf registration for P30 billion to complete our P10 billion offer this 2019.”

“The continued progress of the capital market is of critical importance to our country and of course to companies like Vista Land, and so we laud the efforts being exerted by the PDS Group leadership to constantly develop the market environment to become more attractive and investor-friendly,” he added.

PDEx Press Release_VLL Bonds Due 2025

PHOENIX PETROLEUM LISTS PHP 3 BILLION COMMERCIAL PAPER ON PDEx

In the photo from left are: PNB Capital President & Chief Executive Officer Gerry Valenciano, Phoenix Petroleum Philippines, Inc. (PNX) Assistant Vice President - Treasury Reynaldo Phala,  PNX Chief Financial Officer Ma. Concepcion de Claro, and Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil.

11 December 2019, Makati, Philippines — Phoenix Petroleum Philippines, Inc. (PNX) returns to the listing podium as it successfully raised PHP 3 billion worth of commercial paper. Issued at a discount to face value of 4.6657% per annum, this issue will be due on 05 December 2020.

“We are always happy to see issuers return; and note that this is already Phoenix’s 10th listing on the Philippine Dealing & Exchange Corp. (PDEx), a positive sign of a nurtured relationship it has sustained with its investors,” said PDEx President & Chief Operating Officer (COO) Antonino Nakpil.

On the part of PNX, its Chief Financial Officer Ma. Concepcion de Claro remarked: “As Phoenix Petroleum grows bigger in size and complexity, I am honored to be part of a team and an organization that continues to challenge themselves and learn. More than a fund raising activity, for us, the STCP program is a simple, ingenious approach in meeting working capital requirements in an efficient, cost effective way.”

This 37th issuance marks PHP 353.70 Billion in new listings and hit the level of PHP 1.3 Trillion in total outstanding amount of bonds listed on PDEx.

PDEx Press Release_PNX CP Due 2020 Series C

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