Stock Loans Against Philippines-Listed Equity
Institutional securities-backed lending against shares listed on Philippines’s principal equity exchanges — for controlling shareholders, founders, and family offices holding positions on the SEC (PH)-regulated market.
Philippines equity markets.
The firm structures stock loans against shares listed on Philippines’s one principal cash equity venue. The instrument allows founders, family offices, controlling shareholders, and concentrated single-stock holders to release liquidity against their Philippines-listed position — without selling, and without disturbing voting control or the share register. Beneficial ownership remains with the borrower throughout. The full position is recovered on repayment.
Indicative terms are calibrated to the specific position. Loan-to-value is set against the underlying’s single-stock liquidity and free float. Tenor typically runs twelve to thirty-six months for institutional transactions. Recourse profiles span non-recourse, limited-recourse, and full-recourse — chosen against the borrower’s downside-protection objectives. Loans can be denominated in PHP or in cross-currency structures (USD, EUR, GBP, or another major currency) depending on the borrower’s redeployment requirements.
Philippines stock loans at a glance:
| Listed venue | Philippine Stock Exchange (PSE) |
|---|---|
| Regulator | Securities and Exchange Commission (Philippines) |
| Currency | PHP, with cross-currency options |
| Principal indices | PSEi (PSE Composite Index) |
| Tenor | 12–36 months (institutional) |
| Recourse profile | Non-recourse, limited-recourse, or full-recourse |
| Loan-to-value | Calibrated per position |
Regulatory references for any specific transaction are mapped at the structuring stage with the borrower’s chosen counsel. The information above is published for general orientation and is not legal advice.
On this market, specifically.
Disclosure and regulation
Philippine disclosure under SRC Rule 18.2 is triggered at 5%, and the tender-offer regime engages at 35%, so a pledge over a sizeable line is tested both for the ownership notification and for whether an enforcement transfer could pull a lender toward the tender-offer threshold. The structural overlay is the constitutional and statutory foreign-equity ceiling that applies in regulated sectors, which limits how much of certain issuers non-residents may hold. The firm confirms the applicable foreign-equity ceiling, the holder’s headroom, and the 35% tender-offer perimeter alongside the SEC notification profile before the security over a PSE-listed position is granted.
An illustrative example
As an illustration only, a holder owns PHP 1.5 billion of a PSEi conglomerate. The pledge releases cash while the shares stay registered to the holder and voting is retained. How much is released is the loan-to-value, and no percentage or band is published for it, because the ratio is a property of the collateral rather than of the product: the traded volume and genuine free float of that particular line once the family blocks are looked through, its price volatility, how large the pledge is against both the issuer and the holder’s wider wealth, the Philippine settlement and enforcement regime, the funding currency, and any lock-up, foreign-equity ceiling, or SRC disclosure constraint. It is fixed only after the actual holding has been reviewed. Funding can be arranged in PHP or, for cross-border holders, in USD. The holding size is round and hypothetical, used only to show the mechanics; the actual ratio would follow the line’s free float and volume, any sector foreign-equity ceiling, and the recourse profile. This is not a quote, an offer, or a commitment to lend.
Illustrative only — not an offer, a quotation, or a commitment to lend.
Each Philippines exchange, covered.
What people most often ask about Philippines.
Q · 01 What is the typical loan-to-value for a stock loan against PSE-listed positions?
Q · 02 Which PSE-listed segments are eligible for stock loans?
Q · 03 In which currency can a PSE stock loan be denominated?
Q · 04 Are there foreign-ownership constraints on PSE-listed shares relevant to a pledge?
A specific Philippines position to discuss?
Submit a confidential enquiry. A senior principal will respond within one business day.