Robinsons Bank lists additional P5.0 Bn Corporate Bonds in PDEx
Credit to Author: The Manila Times| Date: Sun, 24 Nov 2019 16:16:10 +0000
Robinsons Bank (RBank), the financial services arm of the JG Summit Group of companies, listed an additional P5.0 Bn Corporate Bonds in the Philippine Dealing and Exchange Corp (PDEx), on November 14.
Robinsons Bank President Elfren Antonio Sarte led the ringing of the bell which marked RBank’s second listing of Corporate Bonds in the PDEx platform. The event was also graced by BDO Capital and Investment Corporation President Eduardo Francisco, FMIC Vice President and Sales and Distribution Head Peter Anthony Bautista, and PDEx President and COO Antonino Nakpil.
The P5.0 Bn Corporate Bond is the second tranche of the Bank’s P10.0 Bn Corporate Bond Program for 2019. In relation to its bond issuance, Robinsons Bank was assigned an issuer credit rating of PRS Aa minus by the Philippine Rating Services Corporation (PhilRating) with a Stable Outlook for its proposed P2.5 Bn issuance, with an oversubscription option of P2.5 Bn.
“On the second tranche of the bank’s bond issuance, we are deeply honored by the trust and confidence of the investing public that made this bond issuance 4.3x oversubscribed,” RBank President Elfren Sarte said in his speech at the listing ceremony.
Furthermore, the selling agents for this issuance are BDO Capital and Investment Corporation, the First Metro Investment Corporation (FMIC), and Amalgamated Investment Bancorporation (AIB), alongside Robinsons Bank.
For more information, visit www.robinsonsbank.com.ph.