Security Bank Capital Investment Corp. (SB Capital) has arranged and managed P4 billion in privately placed corporate note issuances for the Asialink Group to expand lending for micro, small and medium-sized enterprises (MSMEs).
The transaction for Asialink Finance Corp. (AFC), Global Dominion Financing Inc. and South Asialink Finance Corp. is guaranteed by the Credit Guarantee & Investment Facility (CGIF).
The notes were drawn on Dec. 23, 2025 and are classified as social corporate notes under a framework developed with the Asian Development Bank.
A syndicate led by Security Bank Corp., including KEB Hana Bank Manila Branch and Industrial Bank of Korea Manila Branch, enabled AFC to raise P2 billion through five-year notes. Global Dominion Financing and South Asialink Finance each raised P1 billion through three-year notes.
The issuances comply with ASEAN social bond standards and International Capital Markets Association principles. DNV (Thailand) Co., Ltd. provided the second party opinion on the group’s social finance framework.
“Institutions like the Asialink Group play a critical role in advancing financial inclusion by providing tailored solutions for MSMEs. We are proud to support this milestone transaction, which aligns capital market development with inclusive economic growth,” SB Capital president and chief executive Virgilio Chua said.
Chua said the CGIF guarantee improved the quality of the notes and encouraged wider participation in social finance instruments.
MSMEs account for 99.5 percent of business establishments in the Philippines and employ 63 percent of the workforce, according to United Nations Development Programme data.
Data from the Bangko Sentral ng Pilipinas, however, show that banks account for only 4 percent of MSME funding, underscoring the demand for alternative channels.
