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MANILA – Salmon Group Ltd, a leading credit-led fintech in the Philippines, has raised $50 million in an oversubscribed Nordic bond issue, accelerating its mission to build Southeast Asia’s next-generation consumer banking.
This latest raise follows the $60 million inaugural bond issue in April 2025, bringing Salmon’s total bond financing to $110 million under its $150 million Nordic bond framework. Strong demand from global fixed income investors made the issue two times oversubscribed, underlining market confidence in Salmon’s growth trajectory and financial performance.
Commenting on the transaction, 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,” added Montemayor.
Pareto Securities acted as the sole bookrunner and underwriter on the transaction. (/)
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About Salmon
Salmon Group Ltd is a credit-led fintech 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, credit 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.