Published February 8, 2021, 3:00 PM
SL Agritech Corporation (SLAC), the leading producer of hybrid rice seeds and premium rice in the Philippines, has been assigned a high issuer credit rating of PRS Aa (corp.), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings).
PhilRatings said the rating was given in relation to the company’s commercial paper (CP) issuance of up to P2.0 billion.
The proceeds will be used to pay the company’s short-term obligations, and to purchase rice and seed inventories from its contract growers.
An issuer credit rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a time horizon of one year.
Published February 1, 2021, 8:00 AM
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an exponent of Philippine progress.
Michelle Tiu Lim: An heiress leads Mega Global journey
By Bernie Cahiles-Magkilat
Michelle Tiu Lim was raised by a strong mother, who gave her the strength to lead the country’s largest sardines manufacturing firm Mega Global Corporation.
“I can say that being a woman did not hinder me from taking on the challenging role of the COO,” said Michelle.
Published December 18, 2020, 12:55 PM
SL Agritech Corporation (SLAC), the country’s biggest hybrid rice seeds producer, has returned to the local debt market to raise P2 billion, capping this year’s listing at the country’s bond bourse, Philippine Dealing & Exchange Corp. (PDEx).
As a result, PDEx President and Chief Operating Officer Nino Nakpil said that despite the COVID-19 pandemic, the total debt issuance at the bond bourse this year still rose to a record of P388 billion, surpassing last year’s total listing of P375 billion.
“This is good momentum for next year,” Nakpil said during the virtual listing ceremony for SLAC’s newest commercial paper issuance worth P1.57 billion.