Security Bank plans to issue P5-b bonds in Q3

Defining the News

Security Bank Corp. launches a fixed-rate peso bond offering with a minimum issue size of P5 billion, with an oversubscription option. The bonds will have a tenor of 5 years and 1 month and will be marketed at a fixed rate of 5.7 percent per annum.

The bonds will have a tenor of 5 years and 1 month and will be marketed at a fixed rate of 5.7 percent per annum, the bank said in a statement Monday. It said it would use the proceeds to support the bank’s lending activities and expand its funding base.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

QC holds special graduation rites for non-binariesDefining the News
Read more »

Belmonte cites QCPD for peaceful Pride festDefining the News
Read more »

PH-US joint exercises sharpened skills of Filipino Marines — AdaciDefining the News
Read more »

NGO empowers some 900 Albay women thru self-help initiativesDefining the News
Read more »

PH hacker group hits back against ChineseDefining the News
Read more »

Coast Guard meets with Indonesian counterpartDefining the News
Read more »