Global Dominion Financing Inc. (Global Dominion) has successfully ventured into the debt capital markets with its maiden issuance of fixed-rate corporate notes, securing up to P1 billion by the end of 2023. The proceeds from this issuance are earmarked to support the expansion of Global Dominion's loan portfolio, refinance existing short-term debt, and provide for general working capital needs. The initial drawdown of the notes took place in November 2023, with a maturity period of three years from the drawdown date. SB Capital Investment Corp., the investment banking subsidiary of Security Bank Corp., arranged the issuance.
In addition to the corporate notes, Global Dominion also secured an additional P1.3 billion in financing from its relationship banks at the close of 2023. These financial institutions included Atram CDV, Malayan Savings Bank, Novel Finance, Philippine Veterans Bank, Rizal Commercial Banking Corp., and EastWest Bank. The additional funding will enable Global Dominion to further expand its loan portfolio by enhancing its reach, developing new products and services, recruiting more loan consultants, and increasing its network of accredited dealers to capture additional market share.
Global Dominion, with its 84 branches nationwide, has been a key player in providing both secured and unsecured credit facilities tailored to the financial needs of small and medium enterprises (SMEs) and individuals. The company specializes in refinancing and car or truck collateral loans, as well as financing for both new and secondhand vehicles. By avoiding quasi-banking activities, Global Dominion has carved a niche in the market, focusing on supporting the aspirations of Filipinos, whether in purchasing a vehicle or starting a business. This strategic expansion is expected to further solidify its position in the financial sector.