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Philippines’ Robinsons Bank plans up to PHP 15 billion bonds
By Rebecca Melvin
New York, March 10 – Robinsons Bank Corp.’s board of directors has approved the issuance of up to PHP 15 billion of fixed-rate bonds, according to a notice.
The issuance includes a PHP 10 billion base deal and an over-subscription option for up to PHP 5 billion.
As previously reported, the company said in January it was planning PHP 10 billion of funding for 2020 through the issuance of corporate notes, long-term negotiable certificates of deposit or corporate bonds in various tranches and multiple tenors.
Quezon City, Philippines-based Robinsons Bank is 60% owned by conglomerate JG Summit Holdings, Inc. and 40% by supermarket company Robinsons Retail Holdings Inc.
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