ASIALINK Group of Companies announced it had secured a P5-billion corporate notes facility from a consortium led by UnionBank of the Philippines to expand its financing support for micro, small and medium enterprises (MSMEs) in the country.
The facility was arranged by UnionBank as issue manager, with both UnionBank and Land Bank of the Philippines (LandBank) acting as mandated lead arrangers and bookrunners while EastWest Banking Corp. served as a participating noteholder.
In a statement, company CEO Robert Jordan Jr. said the corporate notes facility “is a testament to the trust that leading financial institutions place in Asialink’s vision.” “With UnionBank, LandBank, and EastWest as key partners, we are better positioned to scale our operations, innovate our services, and provide faster and more accessible financing solutions to MSMEs that drive local economic growth,” he added.
AsiaLink Group is a non-bank financing institution that lends to small-scale entrepreneurs with limited banking access. Its subsidiaries include Asialink Finance Corp., Global Dominion Financing Inc., and South Asialink Finance Corp.
The additional funding is expected to increase Asialink’s loan portfolio from P48 billion to P60 billion by the end of the year.
Finance director Meynard Mendoza said the new facility would enable businesses and communities to thrive through inclusive financial services aside from fostering resilience and broader financial inclusion.
“The corporate notes facility underscores growing confidence in the non-bank financial sector’s role in expanding financial inclusion, particularly in underserved and high-growth regional markets,” Jordan said.
“By strengthening its funding base, Asialink aims to reach more entrepreneurs who need timely and flexible financing solutions but may have limited access to traditional banking channels,” he added.
Subsidiary Asialink Finance was said to have supported 34,611 MSMEs nationwide and extended financing to more than 3,000 women-led enterprises through its Women’s Access to Inclusive Support (WAIS) loan program.
Samuel Cariño, president and CEO of Asialink Finance, said the strengthened capital base would allow the company to deliver more timely and accessible financing and help small businesses expand.
“With the support of our consortium of partner lenders, we are better equipped to provide accessible and timely financing to MSMEs, helping them grow, innovate, and contribute to local communities across the country,” he added.