By Marisa Wong
Los Angeles, Feb. 18 – East West Banking Corp. (EastWest) announced it raised PHP 3.7 billion from its maiden bond issuance, well above its target of PHP 2 billion.
The three-year bonds carry a fixed coupon of 4˝%.
Unicapital, Inc. is the lead arranger and a selling agent alongside EastWest.
Settlement is slated for Feb. 21.
EastWest is based in Taguig City, Philippines.
Issuer: | East West Banking Corp.
|
Issue: | Fixed-rate bonds
|
Amount: | PHP 3.7 billion (increased from PHP 2 billion)
|
Maturity: | 2023
|
Arranger: | Unicapital, Inc.
|
Coupon: | 4˝%
|
Offer period: | Feb. 10-Feb. 14
|
Upsize announcement: | Feb. 18
|
Settlement date: | Feb. 21
|
© 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.