Bank of Commerce’s P7.5B maiden bond issuance oversubscribed

BANK of Commerce (BankCom), the banking arm of San Miguel Corp., successfully listed its maiden issuance of P7.5 billion two-year Series A Bonds on the Philippine Dealing & Exchange Corp. (PDEx), with aggregate orderbook exceeding the original target issue size by more than three times. The strong demand prompted BankCom to increase its issue size from the original P3 billion to P7.5 billion and end the offer period on July 12, 2022, ten days ahead of the original closing date.

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