The National Home Mortgage Finance Corporation (NHMFC) is set to issue its 7th securitization offering—NHMFC Bonds 2024—valued at Php1.3 billion, backed by 1,658 long-term, low-delinquency residential loans. This marks NHMFC’s second-largest issuance since its first in 2009.
A ceremonial signing for the Special Purpose Trust (SPT) Agreement and Securitization Plan was held on March 21, 2025, with the Development Bank of the Philippines-Trust Banking Group (DBP-TBG) as SPT Administrator. NHMFC President Renato L. Tobias emphasized the importance of the bond issuance in generating capital market opportunities and strengthening funding for housing.
“This partnership signifies our continuing role as the sole secondary mortgage institution,” Tobias said. “Through diversified financial strategies, we are creating new investment and development opportunities that benefit our communities.”
Third-party partners supporting the securitization include:
• Land Bank of the Philippines – Investment Banking Group as arranger/underwriter
• Philippine National Bank – Trust Banking Group as trustee/registrar/paying agent
• MOSVELDTT Law Offices as transaction counsel and tax advisor
• MOORE Roxas Tabamo & Co. as portfolio auditor
• Philippine Rating Services Corporation (Philratings) as credit rating agency
DBP-TBG Vice President Camilo G. Sanchez expressed gratitude for NHMFC’s continued trust, stating, “The NHMFC Bonds 2024 reflect NHMFC’s standing as the country’s premier secondary mortgage institution.” He reaffirmed DBP-TBG’s commitment to supporting NHMFC’s mission of maintaining liquidity and affordability in the housing market.
Also in attendance were key officials from NHMFC, Land Bank, MOSVELDTT, and other partner institutions.
