E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers U > Headlines for Union Bank of the Philippines > News item
Published on 2/5/2020 in the Prospect News Emerging Markets Daily.

Philippines’ UnionBank launches offering of 5¼% notes due 2030

By Marisa Wong

Los Angeles, Feb. 5 – Union Bank of the Philippines (UnionBank) is planning to issue PHP 5 billion of 5¼% subordinated notes due May 24, 2030 qualifying as tier 2 capital, according to a notice.

The offering includes an oversubscription option, with the total amount capped at PHP 20 billion.

The 10¼-year notes are callable after 5¼ years.

The offer period began on Feb. 4 and will run to Feb. 14. Settlement is slated for Feb. 24.

HSBC and Standard Chartered are the joint lead arrangers and bookrunners and also selling agents alongside UnionBank.

The issuer is based in Pasig City, Philippines.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.