The bond offer, which will have an oversubscription option, features a 1.5-year tenure and a fixed annual interest rate of 6.5635 percent. These will be listed on the Philippine Dealing & Exchange Corp. on May 16, 2024.
The 60-year-old lender ended 2023 with a record high net income of P2.8 billion, an increase of 56 percent, as net interest income jumped 24 percent.
It hired ING Bank N.V., Manila Branch and Philippine Commercial Capital as joint lead arrangers and joint bookrunners for this issuance. BankCom is also acting as a selling agent for the offering, together with ING and PCCI Capital.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
