Philippine Savings Bank launches PHP 3 billion of 4½% three-year CDs

By Marisa Wong

Los Angeles, Jan. 10 – Philippine Savings Bank is offering at least PHP 3 billion of long-term negotiable certificates of time deposits from Jan. 9 to Jan. 21, according to a notice.

The offering includes an upsize option.

The three-year negotiable CDs will have a coupon of 4½%.

Standard Chartered Bank is the arranger and a selling agent. PSBank, Metrobank and First Metro Investment Corp. are other selling agents.

The deal is expected to settle on Feb. 4.

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

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