Security Bank Corp. announced a fixed-rate peso bond offering with a minimum issue size of P5 billion and an oversubscription option.
The bonds, with a tenor of 5 years and 1 month, will be marketed at a fixed rate of 5.7 percent per annum, available from July 8 to August 13, 2024.
Proceeds will support the bank’s lending activities and expand its funding base, with the bonds listed on the Philippine Dealing and Exchange Corp. on August 20, 2024.
“We’re excited about this peso bond offering, which will support our strategic initiatives and diversify our funding sources. We’re confident this offering will deliver value to our clients looking to invest in a high-quality instrument with attractive returns,” said Arnold Bengco, Security Bank executive vice president and financial markets segment head.
