Sunday 25 February 2018
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1 months ago

PNB to issue up to P20B in high-yield debt notes

Tycoon Lucio Tan-led Philippine National Bank is raising as much as P20 billion from the issuance of high-yield deposit notes, harnessing ample liquidity in the local financial system for its debt management and expansion program. PNB has obtained approval from its board to issue the long-term negotiable certificates of time deposit (LTNCTDs) in one or more tranches, subject to the approval of the Bangko Sentral ng Pilipinas (BSP). The proceeds will be used to extend the maturity profile of the bank s li

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