State shelter financing agency National Home Mortgage Finance Corp. plans to issue its 7th securitization offering called the NHMFC Bonds 2024 valued at P1.3 billion.
The offering is backed by 1,658 long-term secured residential loans characterized by low delinquency. It is the second-largest amount ever issued by NHMFC since its maiden issuance in 2009.
At the signing ceremony held on 21 March 2025 between NHMFC and the Development Bank of the Philippines-Trust Banking Group (DBP-TBG) for the NHMFC Bonds 2024 Special Purpose Trust Agreement and Securitization Plan, NHMFC president Renato Tobias said proceeds from the float will be used for housing and creating opportunities in the capital market.
DBP-TBG will be the special purpose trust administrator, Land Bank of the Philippines-Investment Banking Group as arranger and underwriter, Philippine National Bank-TBG will be the trustee, registrar and paying agent, MOSVELDTT Law Offices was designated transaction counsel and tax advisor, MOORE Roxas Tabamo and Co. is the portfolio auditor and Philippine Rating Services Corporation (Philratings) will be the credit rating agency.
“This partnership marks a significant step forward to fulfilling NHMFC’s mandate of being the sole secondary mortgage institution. It also advances NHMFC’s mission to strengthen investment opportunities in the capital market, addresses the financing needs of the housing originators and promotes sustainable growth in the housing sector,” Tobias remarked.