The fixed-rate corporate bonds, due in 2029, carry an interest rate of 6.05 percent per year.
The bonds were listed on the Philippine Dealing & Exchange Corp. (PDEx), and the funds will help diversify the bank’s funding sources and support its lending activities.
Management’s view
"We’re humbled by the overwhelming response to our bond offering, which reflects the strong trust and confidence of our investors in Security Bank and our BetterBanking promises,” said Arnold Bengco, Security Bank executive vice president and financial markets segment head.
“We’re grateful for their support and will strive to keep delivering value to our clients and stakeholders,” he added.
