tower PDS Group
Home | Careers | Contact Us
search

THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

Menusample

Skip to content
  • About PDS Group
    • Company Overview
      • About PDS Group
      • Philippine Dealing & Exchange Corp.
      • Philippine Depository & Trust Corp.
      • Philippine Securities Settlement Corp.
      • PDS Academy for Market Development Corp.
    • Vision
    • Mission
    • Market Symbols
      • The Tower
      • The Ceremonial Bell
    • Organization
      • Governance Philosophy and Architecture
      • Corporate Governance
      • Market Governance
    • Leadership
      • Board of Directors
      • Board of Governors
      • Board of Trustees
      • Internal Officers
    • Shareholder Structure
    • Milestones
  • Products & Services
    • Trading
      • PDS Fixed Income
      • PDS Repo
      • PDS SecLend
    • Listing and Enrollment
      • Securities Admission Program
      • Listing Qualifications
      • Continuing Obligations
      • Issuer List
      • Issuer Disclosures
      • Listed Securities
    • Data
    • Securities Services
      • Depository
      • Registry
      • Sub-Registry
      • Value Management
    • Clearing & Settlement
    • Payment and Transfer
  • Market Data
    • Government Securities
      • Active Securities
        PHP-Denominated
      • Fixed Income Board Summary (PhP Denominated)
      • Time and Sales
        PHP-Denominated
      • Fixed Income Board Summary (Foreign Currency Denominated)
      • Time and Sales
        Foreign Currency-Denominated
      • PDST Rates – Benchmark Tenors
      • PDST-F
      • PDST Rates – Government Securities
      • PHP BVAL Reference Rates – Benchmark Tenors
      • PHP BVAL Rates Government Securities
      • BAP-MART GS Repo Trade Summary
      • BAP-MART GS Repo Time and Sales
    • Corporate Securities
      • Time and Sales
        PHP-Denominated
      • Corporate Securities Board Summary
        PHP-Denominated
    • BSP Securities
      • Time and Sales PHP-Denominated
      • BSP Securities Board Summary PHP-Denominated
      • BSP BVAL – BSP Securities
    • Foreign Exchange Summary
    • Depository
      • Depository – Safekeeping
      • Depository – Name on Central Depository
    • Registry
      • Registry – Recordkeeping
    • Payment and Transfer
      • Payment and Transfer – Currency Transfer Services
      • Payment and Transfer – Payment versus Payment
    • Downloadable Data
      • Fixed Income Reports
      • Repo Reports
      • BAP-MART GS Repo
      • SecLend Reports
      • BSP Securities
        • BSP Securities Board Summary
        • BSP BVAL – BSP Securities
      • Foreign Exchange Reports
      • PDST Guidelines
  • Regulation
    • Market Governance Structure
    • Rules
      • PDEx Rules
      • PDTC Rules
    • Trading Conventions
      • Approved Trading Conventions
      • Trading Conventions for Comments
      • Trading Conventions Submitted for SEC Action
    • Pricing Convention
      • Approved Pricing Conventions
    • Policy Guidance
    • PDEx Guidelines
      • Approved Guidelines
      • Guidelines for Comments
      • Guidelines Submitted for SEC Action
      • Frequently Asked Questions
    • PDTC Guidelines
      • Fixed Income
      • Equities
    • Continuing Education
    • Guidelines in Filing a Complaint
  • Market Community
    • Fixed Income Dealer Members
      • Benefits
      • Apply
    • Fixed Income Broker Members
    • REPO Market Program Members
    • Securities Lending Program Members
      • Benefits
      • Apply
    • Cash Settlement Banks
    • Registry Clients
      • Benefits
      • Apply
    • Depository Participants
    • RTS Participants
  • PDS Academy
  • Press Room
    • News Releases
    • Announcements
    • Publications
      • Annual Report
      • Brochure
      • Fact Sheet
      • FAQ
      • Top Performers
      • Schedule of Settlement Breaks
      • BVAL Methodology
    • Forms
      • Regulatory
      • Registry
      • Depository
      • Membership
  • Regional Links

Quicklinks


  • Trading Hours
  • Issuer List
  • Issuer Disclosures
  • Listed Securities
  • Recent Headlines
  • Announcements
  • Downloadable Data
  • BAP-MART GS REPO

Home » Listing Ceremonies » SL Agritech Corporation Lists PHP 2 Billion of Commercial Paper on PDEx

SL Agritech Corporation Lists PHP 2 Billion of Commercial Paper on PDEx

Posted on: September 20, 2019

In the photo are (from left) SL Agritech Corporation (SLAC) Senior Vice President for Sales and Marketing Michelle Lim Gankee, SLAC Chairman and President Henry Lim Bon Liong, SLAC Executive Vice President and Chief Financial Officer Gerry Lim Bon Hiong, Multinational Investment Bancorporation President Marilou Cristobal, and PDS Group President Ma. Theresa B. Ravalo

In the photo are (from left) SL Agritech Corporation (SLAC) Senior Vice President for Sales and Marketing Michelle Lim Gankee, SLAC Chairman and President Henry Lim Bon Liong, SLAC Executive Vice President and Chief Financial Officer Gerry Lim Bon Hiong, Multinational Investment Bancorporation President Marilou Cristobal, and PDS Group President Ma. Theresa B. Ravalo

20 September 2019, Makati Philippines – SL Agritech Corporation (SLAC) lists PHP 2 Billion worth of Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx), across three short term tenors. The issue due December 20, 2019 carries a 5.996% discount rate, while the issue due March 20, 2020 a 6.100% rate, and the issue due September 18, 2020 a 6.400% rate.

“With this twenty-second (22nd) listing bringing us to PHP 245 Billion of new bonds listed thus far, this year is primed to exceed last year’s record of PHP 259 Billion. We are pleased by this progress, but as we have just had a small community of 48 firms able to access the debt capital market segment, we remain keenly reminded of the need for more inclusionary initiatives to expand the community of Issuers,” says PDS Group President Ma. Theresa B. Ravalo.

“With the increase in demand for our seeds and rice, most of the proceeds of this Short Term Commercial Paper will be used to help farmers shift to hybrid rice seed technology. It well help us expand our production capability and our market reach. With the help of our investors and stakeholders, I am confident that we will achieve that goal,” remarks SLAC Chairman and President Henry Lim Bon Liong

The proceeds will be used to re-finance existing debt of the company and finance working capital requirements.

 

PDEx Press Release_SLAC CP Due 2019 and 2020

Print
  • Link Policy
  • Terms of Use
  • Related Links
  • Sitemap
  • Glossary
All Rights Reserved. Copyright (c) 2022 PDS Group
BEST VIEWED ON MICROSOFT EDGE, OR LATEST VERSION OF GOOGLE CHROME AND MOZILLA FIREFOX