PHILIPPINE Bank of Communications (PBCom) on Monday rolled out a P2-billion maiden peso bond offering with an option to upsize.
PHILIPPINE Bank of Communications on Monday rolled out a P2-billion maiden peso bond offering with an option to upsize.The bank told the stock exchange that the one-and-half-year Series A bonds, which carry a fixed interest rate of 6.0796 percent, would be offered from October 14 to October 28, 'subject to any adjustments as may be imposed.'The bonds are scheduled to be issued and listed on the Philippine Dealing and Exchange Corp. on November 5.
PhilRatings explained that the rating differed from the highest-rated corporates only by a small degree and that PBCom has a 'strong' capacity to meet its financial commitments relative to that of other Philippine corporates.PBCom is a midsized player in the domestic banking industry, with total assets of P148.6 billion as of midyear 2024, and loans and receivables showing double-digit growth to P90 billion.
Launches P2-B Maiden Peso Bond Offer
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