Philippine Savings Bank offers up to PHP 3 billion 3½% five-year CDs

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Philippine Savings Bank will offer up to PHP 3 billion of 3½% long-term negotiable certificates of time deposits from Jan. 10 to Jan. 23, according to a notice.

The negotiable CDs will have a term of five years and three months.

ING is the sole arranger and also a selling agent alongside First Metro Investment Corp., Metrobank and Philippine Savings Bank.

PSBank is a Makati City, Philippines-based subsidiary of Metrobank Group.

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