Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc. (GTCAP), has launched its maiden bond offering worth P2 billion.
The bond offering will be issued in two series, GTCAP said Monday in a disclosure to the stock exchange. The series include a two-year Series A bond due 2027 with a fixed interest rate of 5.7725 percent, and a three-year Series B bond due 2028 with a fixed interest rate of 5.9418 percent.
TFSPH, which received the highest credit rating of PRS Aaa (corp.) with a stable outlook from Philippine Rating Services Corporation (PhilRatings), will use the proceeds to diversify its funding sources and support its asset growth. The company also aims to attract a wider range of investors, including both institutional and individual participants.
The public offer period will run from Oct. 6 to Oct. 13, 2025. This issue will be the first tranche from the company’s P20 billion bond shelf registration program.
First Metro Investment Corp. and ING Bank N.V., Manila Branch are serving as the joint lead arrangers and bookrunners for the transaction. They are also acting as selling agents alongside Metropolitan Bank & Trust Company (Metrobank) and BPI Capital Corp.
TFSPH reported strong financial performance in the first quarter of fiscal year 2025, as revenues rose 11 percent year-on-year to P3.9 billion. Loan receivables also grew by 9 percent to P159.4 billion, resulting in a net interest income of P1.6 billion.
TFSPH is 60-percent owned by Japan-based Toyota Financial Services Corp., which operates in over 37 countries and 40 percent by GTCAP.
The company supports Toyota sales in the Philippines by offering tailored financial products and services.
 launched its maiden P2 billion bond offering, the first tranche of its P20 billion shelf program, featuring two- and three-year fixed-rate series to diversify funding and support asset growth.){kind=link}