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Philippines’ EastWest Bank sells PHP 2.7 billion negotiable CDs
By Marisa Wong
Morgantown, W.Va., March 22 – East West Banking Corp. (EastWest Bank) said it completed its first tranche of long-term negotiable certificates of deposit with a face value totaling PHP 2,703,930,000.
EastWest Bank said it expects to issue several more tranches up to the PHP 10 billion previously authorized by the Bangko Sentral ng Pilipinas.
The bank is based in Makati City, Philippines.
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