“It can only be good when an old conglomerate, a veteran in crisis, comes to the debt market. As it again signals the continuing march forward to recovery despite challenging circumstances,” PDEx President and Chief Executive Officer Antonino A. Nakpil said during the listing ceremony of RLC last week.
PDEx reported during the event that RLC’s listing brought the year-to-date total new listings to P371.12 billion. The total level of tradable corporate debt instruments is now at P1.34 trillion issued by 54 companies. “The overwhelming market reception fronted us to fully exercise our authorized subscription allotment of P5 billion and despite a high inflationary environment, the robust investor demand allowed us to price at the lowest end of the marketing range,” said RLC President and Chief Executive Officer Frederick D. Go.