Tuesday 23 October 2018
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1 months ago

PSBank to offer medium-term notes worth P10B

The Metrobank group s thrift bank arm Philippine Savings Bank (PSBank) has joined a growing number of local banks going to the local debt market to diversify their funding base. PSBank has obtained approval from its board to issue medium-term fixed and/or floating rate notes (MFNs) of up to P10 billion. The MFN issuance will give PSBank an opportunity to access medium-term and stable funding as the bank further expands its consumer banking business, PSBank said in a disclosure to the Philippine St

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