Security Bank Corp. has successfully raised ₱21 billion from the issuance of fixed-rate peso corporate bonds due 2030—more than four times its target size and the bank’s largest bond issuance to date.

In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds carry a fixed rate of six percent per annum with a five-year tenor. The bonds were listed on Wednesday, Oct. 29, on Philippine Dealing & Exchange Corp. (PDEx).

“Strong investor demand prompted the bank to exercise its oversubscription option, accepting well above the initial ₱5-billion target,” Security Bank said.

Proceeds will be used to diversify the bank’s funding sources and support its lending activities across key sectors.

“We’re grateful for the market’s confidence. This successful issuance reaffirms investor trust in our strategy and strengthens our ability to fund growth while delivering on our Better Banking promise,” said Security Bank Executive Vice President and Financial Markets Segment Head Price Edward C. Yap.

Security Bank mandated Philippine Commercial Capital Inc. (PCCI) and Security Bank Capital Investment Corp. as joint lead arrangers and selling agents for the issuance.

Yap earlier said that, “We’re excited about this peso bond offering as it further strengthens Security Bank’s funding base and supports our growth and lending activities.”

He added that, “At the same time, it gives investors a high-quality peso investment with stable, predictable returns—underscoring the bank’s financial strength and commitment to our clients.”