Saturday 17 November 2018
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inquirer - 4 month ago

Chinabank raises P10.25B in huge term deposit offer

Sy family-led China Banking Corp. (Chinabank) has raised P10.25 billion in fresh funds from an offering of high-yielding deposit notes, boosting its capability to support big-ticket projects such as in the infrastructure and energy sectors. The amount was raised from the issuance of long-term negotiable certificates of deposit (LTNCDs) due in 2024. These were priced at 4.55 percent per annum and marked the largest LTNCD issuance in the banking industry so far this year. The offering was oversubscribed by

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