22 December 2021, Makati, Philippines — SL Agritech Corporation (SLAC) returns to the local debt market today with the listing of its PHP 1.866 Billion Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx). This marks the SL Agritech’s 7th listing since their inaugural listing back in 2016. The Series O Commercial Paper Due December 21, 2022 was set at a discounted rate of 4.25%.

PDEx President and CEO Antonino A. Nakpil in his welcome remarks said: “Return visits by SL Agritech to the podium are always special because of how they remind us in PDS why we are in the capital market development area of activity. And that is to assist and support firms such as SL Agritech to continue to do the important work toward self-sufficiency of our national staple and at the same time provide sustainable economic empowerment to the thousands of rice farming families whose futures have been transformed with SL Agritech’s innovations on hybrid rice.”

For his part, SLAC Chairman, President, and CEO Henry Lim Bon Liong remarked: “Surely, this Short-Term Commercial Paper will help SL Agritech Corporation to fuel its growth plans. I would like to thank our investors and stakeholders for putting their trust in us and in SL Agritech Corporation. Rest assured that we will continue our advocacy to assist our Filipino farmers and help the government to achieve “rice sufficiency” by providing high-yielding hybrid rice seeds and good-tasting quality rice.

We, at SL Agritech Corporation are preparing to be prepared. Demand for food, especially rice, is inelastic and will not be affected by any catastrophe, pandemic or any other natural or man-made calamities.”, added Mr. Lim Bon Liong.

This 22nd listing for 2021 brings the year-to-date total of new listings to PHP 210.45 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.30 Trillion issued by 53 companies, comprised of 190 securities.