Security Bank Capital Investment Corporation, the investment banking arm of Security Bank Corporation, has arranged and managed P4 billion in privately placed corporate notes for Asialink Finance Corporation, Global Dominion Financing, Inc., and South Asialink Finance Corp., collectively known as the Asialink Group.
The notes are guaranteed by the Credit Guarantee & Investment Facility (CGIF), which strengthens the credit quality of the issuance and helps attract more investors.
Proceeds will be used to expand the Asialink Group’s lending to micro, small and medium-sized enterprises (MSMEs). MSMEs account for 99.5 percent of businesses in the Philippines, employ 63 percent of the workforce, and contribute 40 percent of the country’s gross domestic product, according to the United Nations Development Program. However, data from the Bangko Sentral ng Pilipinas shows that banks provide only 4 percent of MSME funding, highlighting the need for alternative financing sources.
The notes are classified as social corporate notes under the Asialink Group’s Social Finance Framework, developed with the Asian Development Bank. These are bonds crafted to deliver positive social benefits like affordable housing, healthcare or education. The issuances comply with the ASEAN Social Bond Standards of the ASEAN Capital Markets Forum and the Social Bond Principles of the International Capital Markets Association. A Second Party Opinion was provided by DNV (Thailand) Co., Ltd..
Security Bank led the participating noteholder banks, together with KEB Hana Bank and Industrial Bank of Korea.
Asialink Finance Corporation raised P2 billion through five-year corporate notes, while Global Dominion Financing, Inc. and South Asialink Finance Corp. each raised P1 billion through three-year notes. The notes were initially drawn on December 23, 2025.
