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PhilRatings

CREDIT RATED COMMERCIAL PAPER LINES / BONDS/COMPANIES*

Amounts in millions.

As of December 31, 2015

http://www.philratings.com

PRS

ISSUE
AMOUNT

ISSUER/ISSUE

RATING

SEC
APPROVAL

8,000.00

Aaa

Nov-13

25,000.00

Aaa

SEC ORDER NO.

TRANCHE/SERIES

ABOITIZ EQUITY VENTURES, INC.

Corporate Bonds
Due 2020

6,200.00

Due 2023

1,800.00

ABOITIZ EQUITY VENTURES, INC.

Corporate Bonds due in 5-, 7- an 12 years
Bonds due 2020

10,462.00

Aug-15

Bonds due 2022

8,467.00

Aug-15

Bonds due 2027

5,071.00

Aug-15

ABOITIZ POWER CORPORATION

Fixed Rate Bond

10,000.00

Aaa

Series A due 2021

6,600.00

Sep-14

Series A

Series B due 2026

3,400.00

Sep-14

Series B

ABS-CBN CORPORATION
Fixed Rate Bonds due on 2021

6,000.00

ASIA UNITED BANK

AYALA CORPORATION

Issuer Credit Rating

Aaa

Feb-14

Aa (corp.)

Not Applicable
Mar-10

Fixed Rate Putable Bonds due 2017

Multiple Put Bonds due 20211

10,000.00

Aaa

10,000.00

Aaa

Apr-11

Fixed Rate Bonds due 20272

10,000.00

Aaa

Mar-12

Fixed Rate Bonds due 20193

10,000.00

Aaa

Oct-12

15,000.00

Aaa

Not Applicable

AYALA LAND, INC.

Fixed Rate Callable bonds due in 10 & 7 yrs
Due in 2019

9,350.00

Due in 2022

5,650.00

Bonds

Apr-12
Apr-12
21,000.00

Aaa

Due 2024

15,000.00

Jul-13

Due 2020

4,000.00

Oct-13

Due 2033

2,000.00

Bonds due 2025

Oct-13
8,000.00

Aaa

Apr-14

BDO LEASING AND FINANCE, INC.

(formerly PCI Leasing and Finance Corp.)
Short-Term Commercial Paper due Sept. 2015

10,000.00

Dec-15

Short-Term Commercial Paper due Dec. 2015

15,000.00

Dec-15

CEBU HOLDINGS, INC.

Maiden Bonds due 2021

5,000.00

EAST WEST BANKING CORP.

ENERGY DEVELOPMENT CORPORATION

Issuer Credit Rating

Bonds due in 7 and 10 years

Due May 2020
Due May 2023

7,000.00
P

May-14
Not Applicable

Aaa

3,000.00

May-13

4,000.00

Bonds due in 7 years

Due December 4, 2016

Aaa
Aa plus (corp.)

May-13
3,500.00

Aaa

3,500.00

Dec-09

FILINVEST DEVELOPMENT CORPORATION

Bonds due in 10 years

10,000.00

Aaa

Dec-13

Fixed Rate Bonds due 2016

3,000.00

Aaa

Jul-11

Fixed Rate Bonds due 2019

7,000.00

Aaa

Jun-12

7,000.00

Aaa

FILINVEST LAND, INC.

Bonds
due 2020

4,300.00

due 2023

2,700.00

Bonds

Nov-13
Nov-13
7,000.00

Aaa

due 2021

5,300.00

Dec-14

due 2024

1,700.00

Dec-14

* No liability can be accepted for any loss incurred in any way whatsoever by any person relying solely on the information contained herein. PhilRatings makes no representation as to the accuracy and completeness of said data.

Not Applicable

Page 2 of 3

PhilRatings

CREDIT RATED COMMERCIAL PAPER LINES / BONDS/COMPANIES*

Amounts in millions.

As of December 31, 2015

http://www.philratings.com

PRS

ISSUE
AMOUNT

ISSUER/ISSUE

FILINVEST LAND, INC.

8,000.00

RATING

SEC
APPROVAL

SEC ORDER NO.

TRANCHE/SERIES

Aaa

Seven-Year Bonds due 2021

Ten-Year Bonds due 2024

GT CAPITAL HOLDINGS, INC

Bonds
7-year term bonds due 2020

10,000.00
P

10-year term bonds due 2023

Aaa

3,900.00

Feb-13

6,100.00

Fixed Rate Bonds

Feb-13
12,000.00

Aaa

Due 2019

3,000.00

Aug-14

Due 2021

5,000.00

Aug-14

Due 2024

4,000.00

Aug-14

GLOBE TELECOM, INC.

Fixed Rate Bonds due in 2017 and 2019

10,000.00

Due 2017

4,500.00

Due 2019

5,500.00

Fixed Rate Bonds

Aaa
Jun-12
Jun-12

7,000.00

Aaa

Due 2020

4,000.00

Jul-13

Due 2023

3,000.00

Jul-13

HOME FUNDING, INC.

HGC Guaranteed Receivables-Backed Certificate

500.00

Baa plus

Not Applicable

Not Applicable

JG SUMMIT HOLDINGS, INC.

Bonds due in 5.5-, 7- and 10-years

30,000.00

Aaa

Due 2019

24,511.00

Feb-14

Due 2021

5,313.00

Feb-14

Due 2024

176.00

LGU GUARANTEE CORPORATION

MRT III Funding Corporation

Feb-14
Issuer Credit Rating

Aa plus (corp.)

Notes6

Not Applicable

due 2025

US$ 1,197.55

MANILA NORTH TOLLWAYS CORPORATION

A plus

Issuer Credit Rating

Fixed-Rate Bonds
Bonds due 2021

56,356.70

Aaa (corp.)

7,000.00
P

Bonds due 2024

4,400.00

11,500.00

Fixed Rate Putable bonds due 2025

7,000.00

NATIONAL HOME MORTGAGE FINANCE CORP.

Not Applicable

Mar-14
Mar-14
18,500.00

Fixed Rate Putable bonds due 2020

Not Applicable

Aaa

2,600.00

MANILA ELECTRIC COMPANY

Pass-through Tranche 3

Aaa
Dec-13
Dec-13

1,082.00

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Residential Mortgage Backed Securities (Bahay Bonds 1)

8.8 years Scheduled Amortization
Class A

Class B
Residential Mortgage Backed Securities (Bahay Bonds 2)

771.375

Aa

310.898

Baa

603.74

Class A

300.00

Class B

120.00

Aa

Class C

183.74

Baa

PHOENIX PETROLEUM PHILIPPINES, INC.

PHOENIX PETROLEUM PHILIPPINES, INC.

Aa

Issuer Credit Rating

Aa minus (corp.)

Short-term Commercial Paper due Oct. 13, 2015

2,000.00

2 minus

Oct-14

Short-term Commercial Paper due Oct. 13, 2015

1,500.00

2 minus

Feb-15

Aaa(corp.)

Not Applicable

PHILIPPINE SAVINGS BANK

ROBINSONS LAND CORPORATION

Issuer Credit Rating

12,000.00

Aaa

Fixed Rate Bonds due 2022

10,635.00

Feb-15

Fixed Rate Bonds due 2025

1,365.00

Feb-15

* No liability can be accepted for any loss incurred in any way whatsoever by any person relying solely on the information contained herein. PhilRatings makes no representation as to the accuracy and completeness of said data.

Not Applicable

Page 3 of 3

PhilRatings

CREDIT RATED COMMERCIAL PAPER LINES / BONDS/COMPANIES*

Amounts in millions.

As of December 31, 2015

http://www.philratings.com

ISSUE
AMOUNT

ISSUER/ISSUE

PRS
RATING

SEC
APPROVAL

SEC ORDER NO.

TRANCHE/SERIES

SAN MIGUEL BREWERY INC.

Corporate Bonds

2,810.00

Aaa

20,000.00

Aaa

Series C due April 2019

Nov-09

Series C

3,000.00

Apr-12

Series D

10,000.00
7,000.00

Apr-12
Apr-12

Series E
Series F

Corporate Bonds
Series D due 2017

Series E due 2019

Series F due 2022
Corporate Bonds
Series G due 2021
Series H due 2024

12,462.00
2,538.00

15,000.00

Aaa

15,000.00

Aaa

Series G
Series H

SAN MIGUEL BREWERY INC.

Corporate Bonds
Series G due 2021
Series H due 2024

12,462.00
2,538.00

SL AGRITECH CORPORATION
SMALL BUSINESS CORPORATION
SM INVESTMENTS CORPORATION
Bonds
Series B due 2016
Series C due 2019
Series D due 2022
Bonds
Series E due May 2021
Series F due May 2024

Issuer Credit Rating

Issuer Credit Rating
16,000.00

Aa (corp.)
Aa minus(corp.)

Apr-14
Apr-14
Not Applicable
Not Applicable

Series G
Series H
Not Applicable
Not Applicable

May-09
Apr-12
Apr-12
Apr-14
May-14
May-14

Series B
Series C
Series D

Sep-14
Sep-14
Sep-14

Series A
Series B
Series C

May-15
May-15
May-15

Series A
Series B
Series C

Aaa

1,000.00
6,000.00
9,000.00
15,000.00

Aaa

11,669.62
3,330.38

Series E
Series F

SM PRIME HOLDINGS, INC.

Bond Issue7

20,000.00

Series A due 2020

Series B due 2021
Series C due 2024

Aaa

15,036.00
2,363.00
2,601.00

SOUTH LUZON TOLLWAY CORPORATION

Fixed Rate Bonds
Series A due 2020
Series B due 2022
Series C due 2025

7,300.00

Aaa

2,400.00
2,400.00
2,500.00

UNION BANK OF THE PHILIPPINES

TOTAL

Issuer Credit Rating

Php

Aaa (corp.)

495,152.44

The 10-year bond issue will have a partial put option (up to 20%) on the fifth year and full put option on the eighth year from issue date.

The 15-year bond issue will be redeemable (in full but not in parts) by the Issuer via call option starting on the tenth (10th) anniversary from issue date and

The seven-year bond issue will be redeemable (in full but not in parts) by the Issuer via call options starting on the fourth (4th) anniversary from issue date

P8.0 Billion Fixed Rate Callable bonds, with an oversubscription option of P7.0 Billion, fixed for 11 years; total amount rated was P15.0 Billion.

Equivalent of P56,356.70 at a rate of P47.06:US$1 (as of December 29, 2015)

every anniversary date thereafter until the fourteenth (14th) anniversary from issue date.

and every anniversary date thereafter unth the sixth (6th) anniversary from issue date.

Debt issue is up to P15Bn, with an oversubscription option of up to P5.0 Billion. The rating was for a total amount of up to P20 billion in
fixed putable bonds, with amounts falling due in 2020 and 2025. The put option may be exercised on the fifth year for the bonds due in 2020

and in the tenth year fir the bonds due in 2025.

Bond issue is P15 Billion, with an oversubscription of up to P10.0 Billion.

* No liability can be accepted for any loss incurred in any way whatsoever by any person relying solely on the information contained herein. PhilRatings makes no representation as to the accuracy and completeness of said data.