Philippine Savings Bank to hold roadshow for 2 billion peso offering of subordinated debt

New York, Jan. 3 - Philippine Savings Bank said it will hold a roadshow for a 2 billion peso offering of lower tier II unsecured subordinated debt during January.

Marketing will take place in metro Manila, Cebu and Davao, all in the Philippines, according to a filing with the Philippines Stock Exchange.

The offering will have a 10-year maturity and be non-callable for five years.

Announcement of the roadshow follows approval from the Philippines central bank.

Manila-based Philippine Savings Bank is a unit of Metropolitan Bank & Trust Co.

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