Alsons Consolidated Resources, Inc. Lists PHP 600 Million Commercial Paper on PDExPosted on: November 12, 2021
12 November 2021, Makati, Philippines — Alsons Consolidated Resources, Inc. (ACR) returns to the Philippine Dealing & Exchange Corp. (PDEx) after four (4) months to list their PHP 600 Million worth of Commercial Paper (CP), the second tranche of its PHP 3 Billion CP Program. The ACR Series Q CP was set at a discount rate of 3.75%.
PDEx President and CEO Antonino A. Nakpil was delighted to see familiar faces and as he welcomed ACR back. “Today is incidentally the closing date of the UN’s Climate Change Conference or COP26 and from it emanated a resounding theme of energy transition for developing economies. The same theme is reverberating through global capital markets with sustainable finance and fintech initiatives for ESG monitoring and reporting also resonating through the Singapore Fintech Festival this week. These make the timing of this second CP tranche listing and its supported project all the more auspicious.”, said Mr. Nakpil.
This 18th listing for 2021 brings the year-to-date total of new listings to PHP 176.59 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.31 Trillion issued by 54 companies, comprised of 192 securities.