Toyota Financial Services Philippines Corporation, the financing and leasing arm of GT Capital Holdings Inc., has launched its P2-billion maiden bond offering to diversify funding sources and support asset growth.
The offering consists of two fixed-rate tranches: a two-year Series A Bond due 2027 with an interest rate of 5.7725 percent, and a three-year Series B Bond due 2028 at 5.9418 percent. The public offering runs from October 6 to 13.
Proceeds will help Toyota Financial expand its loan portfolio and reach a broader base of institutional and retail investors.
First Metro Investment Corp. and ING Bank N.V. Manila Branch are acting as joint lead arrangers and bookrunners, and will serve as selling agents along with Metropolitan Bank & Trust Co. and BPI Capital Corp.
The bond issuance follows Toyota Financial’s PRS Aaa (corp.) credit rating with a stable outlook from the Philippine Rating Services Corporation (PhilRatings)—the highest rating available. The rating reflects solid financial standing, robust asset quality, and strong support from shareholders of Toyota Financial.
PhilRatings cited Toyota Finacial’s “strong and highly supportive shareholders, the solid Toyota franchise, good asset quality, and sustained revenue growth” as key factors in the rating decision.
In the first quarter of fiscal year 2025, TFSPH recorded an 11 percent year-on-year revenue increase to P3.9 billion. Its loan receivables grew 9 percent to P159.4 billion, while net interest income rose to P1.6 billion.
Toyota Financial is 60 percent owned by Toyota Financial Services Corp. and 40 percent by GT Capital, supporting Toyota’s broader growth strategy in the Philippines.
