Salmon raises $50 Million in oversubscribed Nordic bond, lifts total financing to $110 Million

Manila, Philippines, 29 September 2025 — Salmon Group Ltd announced it has raised $50 million in an oversubscribed Nordic bond issue, bringing its total bond financing to $110 million under its $150 million Nordic bond framework.

The raise follows a $60 million inaugural bond issue in April 2025. Global fixed-income investors oversubscribed the latest issue twice over, pointing to investor confidence in Salmon’s growth and financial performance.

Raffy Montemayor, co-founder of Salmon, said:

“We are opening a new chapter for Philippine financial services built on innovation, inclusion, and trust. As the Philippines stands at the heart of Southeast Asia’s growth story, with its young consumer base, strong regulators, and digital-first mindset, we see tremendous opportunity to reshape the industry. Through Salmon Bank and Sunprime Finance, we are proud to lead this transformation by offering products that meet the everyday needs of Filipinos, including credit lines, cards, consumer and moto loans, and now high-yield deposits.”

“This successful bond issuance validates the confidence that international investors have in both the Philippines and Salmon’s long-term vision. With this new funding, we are poised to scale faster, bring world-class financial services closer to millions of Filipino families, and redefine what banking can mean in our region,” Montemayor added.

Pareto Securities acted as the sole bookrunner and underwriter on the transaction.

About Salmon Group Ltd

Salmon Group Ltd is a credit-led, technology-driven financial company building Southeast Asia’s next-generation consumer bank.

Through its financing company and BSP-regulated Salmon Bank (Rural Bank) Inc., formerly known as Rural Bank of Sta. Rosa (Laguna), Inc., Salmon provides accessible, innovative, and secure financial solutions to millions of Filipinos, including revolving credit lines, cards, consumer loans, moto loans, and deposit products.

With a focus on technology, trust, and customer-centric design, Salmon aims to redefine banking for the emerging middle class in the Philippines and the broader Southeast Asian region.