Asianlink Finance Corp., one of the top online financing companies in the Philippines, said over the weekend it issued P2 billion worth of fixed-rate three-year corporate notes as it diversifies its funding sources to raise more funds for relending to small and medium companies that have little or no access to bank loans.
SB Capital Investment Corp. and RCBC Capital, acting as joint lead arrangers and managers, committed P1 billion each for offering to their clients. Jordan said the three-year notes “offer investors a unique opportunity with fixed interest rates, providing stability and predictability in their investment returns”.
Asialink earlier raised P1 billion from Yuanta Saving Bank and Small Business Corp. also for relending.
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