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Manila Bulletin devider Business devider Security Bank of issue P1-B bonds

Security Bank of issue P1-B bonds

Published Jul 4, 2022 02:23 pm

Security Bank Corporation is raising up to P1 billion through an offering of fixed rate bonds due in 2024 with an oversubscription option.

In a disclosure to the Philippine Stock Exchange, the bank said the bonds will have a tenor of 1.5 years and will be marketed at a fixed rate of 3.7407 percent per annum.

Security Bank

The public offer period will run from July 4, 2022, to July 15, 2022. Minimum denominations have been set for P1 million and increments of P100 thousand thereafter.

Security Bank said it will list the Bonds on the Philippine Dealing and Exchange Corp. on July 20, 2022, to provide secondary market liquidity to investors who would like to trade the instruments.

The Bonds will be issued out of the Bank’s P100 billion Peso Bond and Commercial Papers Program.

Security Bank has mandated Philippine Commercial Capital, Inc. as Sole Bookrunner, and PCCI and SB Capital Investment Corporation as Joint Lead Arrangers and Selling Agents for this issuance.

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