By Marisa Wong
Los Angeles, July 30 – Philippine Business Bank announced it issued PHP 3 billion of corporate notes due 2022.
BDO Capital & Investment Corp. acted as lead arranger.
This is the first tranche under the bank’s PHP 10 billion debt program approved by its board of directors in March.
Proceeds will be used to finance the Caloocan City, Philippines-based bank’s growing funding requirements and to capitalize on attractive lending opportunities, according to the company announcement.
| Issuer: | Philippine Business Bank
|
| Issue: | Corporate notes
|
| Amount: | PHP 3 billion
|
| Maturity: | 2022
|
| Arranger: | BDO Capital & Investment Corp.
|
| Announcement date: | July 29
|
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