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Philippines’ Security Bank offers PHP 5 billion 3 1/8% two-year bonds
By Marisa Wong
Los Angeles, June 25 – Security Bank Corp. announced it is offering PHP 5 billion of fixed-rate bonds but may upsize the transaction depending on demand.
The bonds will have a tenor of two years and will be marketed at fixed rate of 3 1/8%.
The public offer period will run from June 23 to July 15.
Philippine Commercial Capital, Inc. is the bookrunner, and PCCI and SB Capital Investment Corp. are joint lead arrangers and selling agents.
The bonds will be issued out of the Makati City, Philippines-based bank’s PHP 100 billion bond and commercial paper program.
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