Money

Security Bank raises P18B in bond sale

Expat to take reins of Security Bank

The country’s sixth largest lender raised P18 billion from the issuance of fixed-rate bonds due 2021.

The country’s sixth largest lender raised P18 billion from the issuance of fixed-rate bonds due 2021.

Security Bank Corp.’s bonds were priced at the lower end of the indicated range at 5.875% per annum.

Security Bank investors get cash dividends for 2018

The offering was more more than three times oversubscribed, prompting the bank to exercise its oversubscription option and accept offers above the initially announced P5 billion issue size.

Proceeds from the offering will be used to support the bank’s lending activities and expand its funding base.

Security Bank teaches clients how to ride the Build, Build, Build hype

Raul Pedro, Security Bank EVP and treasurer, said the successful issuance and oversubscription is testament to investor confidence in the bank and its commitment to provide “BetterBanking.”

Security Bank eyeing P50B fundraising

“Over the last few years, Security Bank has made the right moves to provide value to our customers – consistently growing our customer base and winning awards both locally and abroad. This maiden issuance in the Peso Bond market is meant to diversify our funding sources, creating a path to tap the capital markets again in the near future in order to optimize our funding costs and continue our focus on delivering best in class returns to our shareholders.”

Security Bank earns P8.6B

Deutsche Bank served as the sole arranger and book runner for the issue.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.