March 21, 2023

Security Bank to raise P3 billion from peso bonds

The bank has launched its fixed rate bond offering.

Security Bank Corporation unveiled its fixed-rate peso bond offering with a minimum issuance size of P3 billion and an oversubscription option. The said offering intends to provide secondary market liquidity to investors will trade the instruments. The bonds will have a tenor of 1.5 years and shall be offered at a fixed-rate of 5.3 percent per annum. The said offer shall run from 17 to 28 October 2022, with a minimum denomination set for P1 million and marginal increments of P100 thousand after.