PSBank returns to PDEx Bourse with P4.65B Series B 3-Year fixed rate bonds

MAKATI -- Philippine Savings Bank (PSBank) returns to the organized secondary fixed income market for the listing of its three-year P4.65 billion fixed rate bonds -- the second tranche of PSBank’s P40 billion bond program.

The bonds were priced at 4.50 percent per annum, with interests to be paid on a quarterly basis.

This third issuance and listing for the year brings the year-to-date total of new listings to P60.28 billion, and the total level of tradable corporate debt instruments to P1.38 trillion, issued by 52 companies, comprised of 193 securities.

The event was also graced by Philippine Savings Bank Senior Vice President and Marketing Group Head Emmanuel Tuazon, Metropolitan Bank & Trust Company First Vice President Ricardo Pedrosa, First Metro Investment Corporation First Vice President Peter Anthony Bautista, Standard Chartered Bank (SCB) Executive Director, Head of Financial Markets Lourdes Patricia Felipe, SCB Executive Director, Head of Capital Markets Erwein Catoto, SCB Associate Director of Capital Markets Karl See, and SCB Director of Financial Institutions Ana Alba. (PR)