Treasury bond rates auctioned Tuesday proved lower compared to prevailing rates in the secondary market, underscoring the market’s outlook for longer-term interest rates.
Security Bank Corp., the country’s 8th largest lender by assets, said Tuesday it has concluded its bond offering period ahead of schedule due to overwhelming demand and favorable market conditions. The bond offer was originally scheduled to close on August 13.
Strong consumer demand for loans and a significant improvement in credit quality bolstered earnings in the first half of Philippine Savings Bank, the thrift banking arm of the Metrobank Group.
Value mobile services brand TNT has partnered with Maya in rolling out the ‘TNT Alkansya’ program that rewards subscribers with instant cashback when saving on the Maya app.