complete financial market infrastructure,

creating value for our stakeholders and

abiding by the highest standards of market governance
and international best practice

OFFICIAL STATEMENT
23 February 2015

CONTACT
pdsinquiries@pds.com.ph
(632) 884 5000

LOCAL DEBT MARKET HOLDS FIRST CORPORATE BOND LISTING FOR 2015

Robinsons Land Corporation (RLC) President & COO Frederick Go

(second to the right) led the ringing of the ceremonial bell to herald
the start of trading of the newly listed PhP 12 Billion RLC Fixed Rate
Bonds due 2022 and 2025 on the Philippine Dealing & Exchange Corp.
(PDEx) market. In photo from left are PDEx President & COO Antonino
Nakpil, RLC Treasurer Kerwin Tan, JG Summit Holdings, Inc. VP &
Treasurer Aldrich Javellana, and PDS Group President & CEO Cesar
Crisol

From left to right: The Hongkong and Shanghai Banking Corporation (HSBC) VP
(Debt Capital Markets) Jaime Mendejar, HSBC VP (Commercial Banking) Arlon
Reyes, RLC Treasurer Kerwin Tan, Standard Chartered Bank Managing Director &
Financial Markets Head Lynette Ortiz, JG Summit VP & Treasurer Aldrich
Javellana, RLC President & COO Frederick Go, HSBC SVP & Commercial Banking
Head Corrie Purisima, Development Bank of the Philippines SVP & Head Corporate
Banking Sector Lilia Baun, East West Banking Corporation FVP & Investment
Banking Head Roberto Fernandez, SB Capital Investment Corporation Director
Martin Villalon, and BDO Capital and Investment Corporation VP Jose Eduardo
Quimpo

23 February 2015, Monday - Robinsons Land Corporation (RLC) kicked off this years corporate bond listings,
with its PhP 12 Billion fixed rate bonds due 2022 and 2025. The seven-year bonds maturing in 2022 carry an
interest rate of 4.8000 percent per annum, while the ten-year bonds maturing in 2025 have an interest rate of
4.9344 per annum.
The Bonds have been rated PRS Aaa by Philippine Rating Services Corporation as of January 12, 2015. A PRS
Aaa, the highest rating, means that such obligations are of the highest quality with minimal credit risk and
that the issuing companys capacity to meet its financial commitment on the obligations is extremely strong.
RLC is a returning Issuer in the PDEx organized secondary market. Its maiden listing was in July 2009 when it
listed its PhP 10 billion fixed rate bonds due 2014. With this first listing for 2015, the JG Summit Holdings, Inc.
Group of Companies cumulative level of outstanding bonds listed on PDEx stands at PhP 42 billion,
representing almost 9% of the overall tradable corporate debt of PhP 477.01 billion.
The event was held at the PDS Assembly Hall and was graced by RLC Officers led by President & COO Frederick
Go, RLC Treasurer Kerwin Tan, and JG Summit Holdings, Inc. VP & Treasurer Aldrich Javellana. Also present in
the occasion were the issues supporters: Joint Issue Managers and Joint Lead Managers, BDO Capital and
Investment Corporation, The Hongkong and Shanghai Banking Corporation Limited, SB Capital Investment
Corporation, Standard Chartered Bank; and Co-Lead Underwriters, Development Bank of the Philippines, East
West Banking Corporation.
RLC President & COO Frederick D. Go remarked: I would like to thank the investors for their confidence in our
bonds, (resulting to an) oversubscription. This is our second time to be here and this is the largest bond
issuance of Robinsons Land to date at PhP 12 billion. These bonds will be used for the expansion of our
businesses primarily our shopping center business, office building business, as well as our hotels.
Philippine Dealing System Holdings Corp. &Subsidiaries Philippine Dealing & Exchange Corp. Philippine Depository & Trust Corp.
Philippine Securities Settlement Corp. PCD Nominee Corp. PDS Academy for Market Development Corp.

complete financial market infrastructure,

creating value for our stakeholders and
abiding by the highest standards of market governance
and international best practice

PDS Group President & CEO Cesar B. Crisol said in his welcome remarks: Last year was a banner year for
corporate securities in the registered market as the number of new listings picked up to 19 and 10 of which
originated from new corporate bond issuers. Thirty-seven (37) separate corporate bond issues were listed
reaching a record year-end total of PhP 191.85 Billion for new listings. The activity brought the total level of
tradable corporate debt instruments to P470.31billion, a significant growth of 38.89% in the size of outstanding
issues listed in 2013.
For this year, we look forward to maintaining the trend for more issuers to list bonds in the registered market
as they tap the available capital from the investing public in line with the continued positive outlook and
growth prospects for the Philippine economy, continued Mr. Crisol. #

Philippine Dealing System Holdings Corp. &Subsidiaries Philippine Dealing & Exchange Corp. Philippine Depository & Trust Corp.
Philippine Securities Settlement Corp. PCD Nominee Corp. PDS Academy for Market Development Corp.