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September 29, 2023

Security Bank’s oversubscribed bond issue raises record P18.5 Billion

Security Bank Corporation (Security Bank) has successfully raised P18.5 billion from its oversubscribed issuance of Fixed Rate Peso Corporate Bonds due 2025, marking its largest issue size to date.

The bank exercised its oversubscription option due to strong demand, and the funds raised will support its lending activities and diversify its funding sources.

The bonds, with a minimum denomination of P1 million, were listed on the Philippine Dealing & Exchange Corp. (PDEx) for secondary market liquidity.

This successful issuance reflects investor confidence in Security Bank’s commitment to providing “#BetterBanking” service.


Metrobank provides P15B loan facility to Globe Telecom

Metrobank has agreed to provide Globe Telecom Inc. with a P15-billion term loan facility to finance capital expenditures, debt refinancing, and general corporate requirements, as the telecom company allocates funds for data network expansion and the deployment of 5G technology.

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