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Cirtek Holdings Philippines Corporation Returns to PDEx with its PHP 598.4 Million Commercial Paper
Posted on: December 21, 2022
06 December 2022, Makati, Philippines — Cirtek Holdings Philippines Corporation (TECH) returns to the local debt capital market with the issuance and listing of its PHP 598,400,000 Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx).
PDEx President and CEO Antonino A. Nakpil in his welcome remarks said: “Cirtek has been a regular returnee to the podium continually reaffirming its relationship with its supportive investors. We note that proceeds will be used for working capital for Cirtek’s two new business units namely, Cirtek Electronics Corporation (CEC) and Cirtek Advanced Technologies and Solutions, Inc. – Philippine Branch (CATSI).”
“It is good to see capital actively supporting the widening of Cirtek’s prospects and enhancing the company’s product technological capabilities. This is indeed what capital is for and we wish the firm continued success in all endeavors”, added Mr. Nakpil.
This 26th admission for 2022 brings the year-to-date total of new admissions to PHP 425.04 billion, pushing the total level of tradable corporate debt instruments to PHP 1.33 trillion issued by 54 companies, comprised of 191 securities.