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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/11/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines’ EastWest to redeem Green Bank’s PHP 112.5 billion debt

By Marisa Wong

Madison, Wis., Sept. 11 – EastWest Banking Corp. plans to redeem the PHP 112.5 million of subordinated debt issued by Green Bank (A Rural Bank), Inc., according to a Philippine Stock Exchange notice.

The bank said the Bangko Sentral ng Pilipinas (BSP) approved the call on Thursday.

BSP had approved EastWest’s merger with Green Bank in April. Following the merger, EastWest will be the surviving entity.

The bank is based in Makati City, Philippines.


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