Philippine National Bank calls PHP 6 billion 8½% notes due 2018

By Marisa Wong

Madison, Wis., May 8 - Philippine National Bank said it will redeem its PHP 6 billion 8½% subordinated notes due June 19, 2018 on June 20.

The called notes include a PHP 5,818,300,000 series A tranche and a PHP 181.7 million series B tranche.

The redemption is subject to approval of the monetary board of the Bangko Sentral ng Pilipinas.

The commercial and retail bank is based in Pasay City, Philippines.

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