By Marisa Wong
Madison, Wis., Nov. 26 - EastWest Banking Corp. said it completed its first tranche of long-term negotiable certificates of deposit, which totaled PHP 1.53 billion.
As previously reported, EastWest Banking offered 5% negotiable CDs due May 23, 2018 from Nov. 6 to Nov. 16. Unicapital, Inc. was the lead arranger and a selling agent alongside EastWest Banking.
Settlement was slated for Nov. 23.
The company previously announced that it would offer up to PHP 5 billion of negotiable CDs in one or more tranches over a one-year period.
The Taguig City, Philippines-based bank said it will issue several more tranches of the CDs beginning in the first quarter of 2013 to fund its expansion activities.
| Issuer: | EastWest Banking Corp.
|
| Issue: | Long-term negotiable certificates of deposit
|
| Amount: | PHP 1,534,630,000
|
| Maturity: | May 23, 2018
|
| Coupon: | 5%
|
| Arranger: | Unicapital, Inc.
|
| Offer period: | Nov. 6 to Nov. 16
|
| Settlement date: | Nov. 23
|
© 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.
