Security Bank Capital arranges P4B social notes for Asialink

Security Bank Capital Investment Corporation (Security Bank Capital), the investment banking arm of Security Bank Corporation, has successfully arranged and managed P4 billion in privately placed corporate note issuances for Asialink Finance Corporation (AFC), Global Dominion Financing, Inc. (GDFI), and South Asialink Finance Corp. (SAFC), collectively known as the Asialink Group.

The notes carry a guarantee from the Credit Guarantee & Investment Facility (CGIF), strengthening credit quality and broadening investor participation.

Security Bank Capital said proceeds will be used to expand the Asialink Group’s lending to micro, small, and medium-sized enterprises (MSMEs)—a critical segment of the Philippine economy that continues to face limited access to formal financing despite its significant contribution to employment and output.

The issuances are classified as social corporate notes under the Asialink Group’s Social Finance Framework, developed in partnership with the Asian Development Bank (ADB). They comply with the ASEAN Social Bond Standards of the ASEAN Capital Markets Forum and the Social Bond Principles of the International Capital Markets Association. DNV (Thailand) Co., Ltd. provided the Second Party Opinion.

“Institutions like the Asialink Group play a critical role in advancing financial inclusion by providing tailored solutions for MSMEs,” Virgilio O. Chua, President and CEO of Security Bank Capital said. “We are proud to support this milestone transaction, which aligns capital market development with inclusive economic growth.”

According to United Nations Development Programme data, MSMEs account for 99.5% of business establishments in the Philippines, employ 63% of the workforce, and contribute 40% of GDP.

However, the Bangko Sentral ng Pilipinas’ 2021 Financial Inclusion Survey showed that banks account for only 4% of MSME funding sources, highlighting the need for alternative financing channels.

Under the transaction, AFC raised P2 billion through five-year corporate notes, while GDFI and SAFC each issued P1 billion in three-year notes. The notes were initially drawn on 23 December 2025.

Security Bank, alongside KEB Hana Bank (Manila Branch) and Industrial Bank of Korea (Manila Branch), participated as noteholder banks in the issuance.