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SRMO Advises on a Landmark Bond Issuance for Toyota’s Financial Services Arm in the Philippines

SRMO acted as Issuer’s Counsel in connection with the issuance and listing by Toyota Financial Services Philippines (TFSPH) of its ₱5-billion Fixed Rate Bonds (Series A and B) on the Philippine Dealing & Exchange Corp. (PDEx). The issuance, the first under TFSPH’s ₱20-billion Bond Programme, marks a significant milestone as the company expands its funding channels and strengthens Toyota’s financial services presence in the Philippines.
SRMO played an active advisory role in this deal, providing the steady guidance required for the establishment of TFSPH’s first bond programme and for the issuance and listing of the initial series of bonds. This is a key transaction that reflects the firm’s continuing work in capital-markets transactions and further strengthens SRMO’s practice in the financial-services sector.
Representatives from TFSPH, the Joint Lead Arrangers and Bookrunners ING Bank N.V., Manila Branch and First Metro Investment Corporation, the Selling Agents BPI Capital Corporation and Metropolitan Bank & Trust Company, PDEx, and respective counsel attended the listing ceremony. The TFSPH Issuer Team was joined in this ceremonial event by the SRMO project legal team, Senior Partner Atty. Jocelyn Esguerra-Dee and Associate Atty. Raymond Lim, who steered the Company through the regulatory and transactional framework for the offer and listing.
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