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Alsons Consolidated Resources, Inc. Kicks Off 2025 Issuances with Commercial Paper Listing

Posted:

February 19, 2025

10 February 2025, Makati, Philippines — Alsons Consolidated Resources, Inc. (ACR) returns to the capital debt market for the issuance of ACR Series AA and Series AB Commercial Paper Due 11 August 2025, and 09 February 2026, respectively.

PDEx President and CEO, Mr. Antonino Nakpil welcomed “the last man standing” among listed commercial paper issuers and noted ACR’s continued commitment to the Mindanao and Visayas energy industry – “As you have also continually returned to this debt market, we trust that your funding requirements have been well served by your loyal CP investors.”

Mr. Nakpil noted the PDS Group’s continuing initiatives in the development of the capital market through the long-awaited SEC approval of the PDS Bond Forward and Bilateral Netting Service – “This is the first PHP-denominated instrument usable to hedge interest rate risks and we have eight (8) Forward Participants already on board.”

Deputy Chief Financial Officer, Mr. Philip Edward Sagun represented ACR and solidified the company’s commitment to helping address the growing demand for reliable and affordable power – “This CP program provides us with an efficient and cost-effective way to support our working capital requirements, enabling us to fulfill our mission of unlocking potential and empowering progress in Mindanao and beyond.”

Mr. Sagun added that ACR will continue to expand as it enters another year with large-scale solar power projects and growing Retail Electricity Supply (RES) – “Looking ahead to 2025, we anticipate the completion of the Phase 1 of our 95.2-MW Bohol In-Island Diesel Power Station in Ubay, Bohol. This facility will serve as a reliable backup power source for Boholanos, ensuring uninterrupted electricity supply during times when the province is isolated from the Visayas grid due to calamities or natural disasters.”

This first admission for 2025 brings the year-to-date total of new listings and enrollment to PHP 1.6 billion and the total level of tradable corporate debt instruments to PHP 1.2 trillion issued by forty-two companies, comprised of 163 securities.