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Manila Bulletin devider Business devider The Stock Market devider GT Capital arm raises ₱5 billion from oversubscribed maiden bond offering

GT Capital arm raises ₱5 billion from oversubscribed maiden bond offering

Published Oct 22, 2025 09:13 am
Toyota Financial Services Philippines lists ₱5.0 billion Fixed Rate Bonds on PDEx – (From left to right) Philippine Depository & Trust Corp. President and Chief Executive Officer Ma. Theresa Ravalo; BPI Capital Corp. Associate Director John Marvin Q. Blanco; Metropolitan Bank & Trust Co. Head of Institutional Sales Ricardo Pedrosa; TFSPH Executive Vice President Keisuke Gotanda; TFSPH Chairman Carmelo Maria Luza Bautista; TFSPH President Rommel J. Ocampo; TFSPH Director and Treasurer Dr. David T. Go; First Metro Investment Corp. President Antonio R. Ocampo, Jr.; Philippine Dealing and Exchange Corp. President Stephani Marie Zulueta; ING Bank Country Manager Jun Palanca
Toyota Financial Services Philippines lists ₱5.0 billion Fixed Rate Bonds on PDEx – (From left to right) Philippine Depository & Trust Corp. President and Chief Executive Officer Ma. Theresa Ravalo; BPI Capital Corp. Associate Director John Marvin Q. Blanco; Metropolitan Bank & Trust Co. Head of Institutional Sales Ricardo Pedrosa; TFSPH Executive Vice President Keisuke Gotanda; TFSPH Chairman Carmelo Maria Luza Bautista; TFSPH President Rommel J. Ocampo; TFSPH Director and Treasurer Dr. David T. Go; First Metro Investment Corp. President Antonio R. Ocampo, Jr.; Philippine Dealing and Exchange Corp. President Stephani Marie Zulueta; ING Bank Country Manager Jun Palanca
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc. (GT Capital), successfully raised ₱5 billion after its minimum ₱2 billion fixed-rate bonds offering was 3.5 times oversubscribed.
GT Capital disclosed to the Philippine Stock Exchange that this strong market reception prompted TFSPH to exercise the oversubscription option and accelerate the close of the offer period.
TFSPH has listed the bonds, comprising 2-year Series A and 3-year Series B bonds, on the Philippine Dealing and Exchange Corporation (PDEx).
“Our maiden issue in the Philippine capital markets marks a significant milestone in the company’s journey,” said TFSPH President Rommel J. Ocampo.
He noted that, “With over two decades of experience in the Philippine automotive financing industry and the full support of our shareholders – Toyota Financial Services Corp. (TFSC) and GT Capital Holdings, Inc. – we are delighted by the overwhelming response from investors, which underscores the market’s trust and confidence in our stability and growth prospects.”
“This achievement reinforces our commitment to supporting Toyota customers and dealer partners nationwide and establishes us as an even more competitive leader in the industry,” Ocampo added.
The bonds, the first tranche under its ₱20 billion bond program, have tenors of two and three years, with coupon rates of 5.7725 percent and 5.9418 percent per annum, respectively.
TFSPH received an issuer credit rating of PRS Aaa (Corp.) with a Stable Outlook from Philippine Rating Services Corp.
First Metro Investment Corp., a member of the GT Capital group, and ING Bank N.V. Manila Branch (ING) are the joint lead arrangers and bookrunners for the transaction.
They are also the selling agents for the offering of the Bonds together with Metropolitan Bank & Trust Co. and BPI Capital Corp.

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Toyota Financial Services Phiippines Corporation GT Capital Holdings Inc. Rommel J. Ocampo
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