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Manila Bulletin devider Business devider The Stock Market devider Toyota's financing arm shortens ₱2-billion bond offering to just 2 days

Toyota's financing arm shortens ₱2-billion bond offering to just 2 days

Published Oct 7, 2025 02:43 pm
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc. (GT Capital), has cut short the offer period for its ₱2-billion maiden bond issuance due to strong demand.
Originally set to run from Oct. 6 to 13, 2025, the offer period was shortened and closed on its second day on Tuesday, Oct. 7, “due to strong investor demand from both institutional and retail clients, reflecting the market’s confidence in the company.”
GT Capital said TFSPH’s maiden bond offering will be issued in up to two series, comprised of two-year bonds due 2027 (series A bonds) and three-year bonds due 2028 (series B bonds).
The series A and B bonds will carry a fixed interest rate of 5.7725 percent and 5.9418 percent, respectively. The issue and listing date is scheduled for Oct. 21, 2025.
TFSPH will use the proceeds to further diversify its funding sources and support its anticipated asset growth. This will also enable the company to tap a wider investor base, targeting both institutional and individual investors.
First Metro Investment Corp. (FMIC) and ING Bank N.V., Manila Branch acted as joint lead arrangers and bookrunners for the transaction. They are also selling agents for the bonds offering together with Metropolitan Bank & Trust Co. (Metrobank) and BPI Capital Corp.
TFSPH is 40-percent-owned by GT Capital and 60-percent-owned by Japan-based Toyota Financial Services Corp. (TFSC), which operates in over 37 countries globally.
It supports Toyota sales in the Philippines in line with Toyota Motor Corp.’s (TMC) global objectives.
TFSPH received an issuer credit rating of PRS Aaa (corp.) with a stable outlook–the highest credit rating issued by Philippine Rating Services Corp. (PhilRatings).
A PRS Aaa (corp.) recognizes TFSPH’s strong and stable financial condition and underscores its commitment to sound governance and sustainable growth.
According to PhilRatings, the assigned rating and outlook was based on TFSPH’s strong and highly supportive shareholders; solid franchise of the Toyota brand; the company’s good asset quality; and its sustained revenue growth supported by loan portfolio expansion.

Related Tags

Toyota Financial Services Phiippines Corporation GT Capital Holdings Inc. Philippine Rating Services Corporation
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