SECURITY Bank has successfully issued on Thursday, July 13, 2023, its fixed rate peso corporate business bonds due 2025.
The bank raised P18.5 billion worth of bonds at 6.4250 percent per annum, with a tenor of 1.5 years.
This is the largest issue size of the bank to date.
Due to strong demand for the bonds, the bank exercised its oversubscription option and accepted offers above its minimum P8 billion issue size.
The bonds were listed Thursday at the Philippine Dealing and Exchange Corp. to provide secondary market liquidity to investors who would like to trade the instruments.
Security Bank offered the bonds to diversify its funding sources and support its lending activities. (PR)