Security Bank to issue P5B retail bonds

Dy-led Security Bank plans to raise P5 billion from a new retail bond offering with an option to upsize the transaction depending on market demand.

The bonds with a tenor of two years have a fixed rate of 3.125% per annum. The offering will run from June 23 to July 15.

SecurityBank will list the bonds on the Philippine Dealing and Exchange Corp. to provide secondary market liquidity to investors who would like to trade the instruments.

The bonds to be issued form part of the bank’s P100 billion bond and commercial paper program.

Philippine Commercial Capital Inc. is the sole bookrunner and lead arranger alongside SB Capital Investment Corp.

Source: Peso Economics