SECURITY Bank Corp announced yesterday its fixed-rate peso bond offering with a minimum issue size of P5 billion, with an oversubscription option.
The bonds will have a tenor of five years and one month and will be marketed at a fixed rate of 5.7 percent per annum.
The public offer period will run from July 8 to August 13, 2024. Minimum denominations have been set for P100,000 and increments of P10,000 thereafter.
Security Bank will list the Bonds on the Philippine Dealing and Exchange Corp. on August 20 to provide secondary market liquidity to investors who would like to trade the instruments. The bonds will be issued out of the bank’s P200-billion Peso Bond and Commercial Papers Program. Proceeds will be used to support the Bank’s lending activities and expand its funding base.
“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 ead.
