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Thursday, March 28, 2024

Robinsons Bank lists Php 5.0 Billion Corporate Bonds in PDEx

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Robinsons Bank Corporation (RBank), the financial services arm of JG Summit Group of companies, launched its maiden issue of Fixed Rate Corporate Bond Due 2021 in a listing ceremony at the Philippine Dealing & Exchange Corp. (PDEx).

Robinsons Bank lists Php 5.0 Billion Corporate Bonds in PDEx
In the photo are (L-R): BDO Capital & Investment Corporation President Eduardo V. Francisco, Robinsons Bank President and CEO Elfren Antonio S. Sarte, Robinsons Bank Chairman Lance Y. Gokongwei, BDO Unibank, Inc. Chairman Teresita Sy-Coson, PDS Group President Ma. Theresa B. Ravalo, and PDEx President and COO Antonio A. Nakpil. 
Photo courtesy of PDS Group

Robinsons Bank Chairman Lance Y. Gokongwei and Robinsons Bank President Elfren Antonio S. Sarte led the ringing of the listing bell which symbolizes the start of trading of the RBank Bonds in the PDEx platform. The event was also graced by BDO Unibank Chairman Teresita Sy-Coson, BDO Capital & Investment Corporation President Eduardo V. Francisco, PDS Group President Ma. Theresa B. Ravalo, and PDEx President and COO Antonino A. Nakpil. BDO Capital & Investment Corporation was the sole issue manager, bookrunner and underwriter, as well as one of the Selling agents of the said issuance.

The P5.0Bn Corporate Bond is the 1st tranche of the bank’s P10.0 Billion corporate bond program, with proceeds expected to support loan growth and improve long term funding.  The Bond is priced at 5.125% with quarterly interest payment.  Manila-based debt watcher Philippine Rating Services Corp. (PhilRatings) assigned the bond issuance an issue rating of PRS Aa minus with a stable outlook.

The selling agents for this issuance are BDO Capital & Investment Corp., First Metro Investment Corporation (FMIC) and Amalgamated Investment Bancorporation (AIB), alongside Robinsons Bank.

Robinsons Bank currently ranks 18th among the universal and commercial banks in the Philippines, with assets of P118.9 billion as of March 31, 2019 according to Bangko Sentral ng Pilipinas.

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For inquiries and concerns, you may reach Robinsons Bank through its Customer Care Center at 637-CARE (2273) or domestic toll-free 1-800-10-637-CARE (2273); or go to its website at www.robinsonsbank.com.ph. Like them on Facebook at www.facebook.com/robinsonsbank/ and follow them on Twitter @RBankCorp.

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