Security Bank Corp., the country’s 10th largest lender, said Thursday it has successfully issued its Fixed Rate Peso Corporate Bonds due 2025.
Security Bank raised P18.5 billion—the largest issue size for the lender—through the sale of the bonds, which has an annual interest rate of 6.425 percent.
Strong demand for the bonds, the bank said, allowed it to exercise the oversubscription option and accepted offers above its minimum P8 billion issue size.
The bonds were listed today at the Philippine Dealing & 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.
The strong demand for the bond, said Security Bank executive vice president and Financial Markets Segment head Arnold Bengco, is testament to investor confidence in the lender and its commitment to provide Better Banking service.
Philippine Commercial Capital Inc was sole
bookrunner of the bond issue. PCCI and SB Capital Investment Corp. as joint lead arrangers and selling agents for this issuance.
