PSB to Adjust Offer Period for Tier 2 Notes

Makati–(PHStocks)–Philippine Savings Bank (PSE: PSB) will be adjusting the offer period for its Tier 2 Notes amid healthy demand from the investor market.

PSBank has decided to advance the deadline for the submission of duly executed applications to purchase for its Tier 2 Notes to February 9, 2012 from February 16, 2012. The company has also advanced the Issue Date for the Tier 2 Notes to February 20, 2012.

PSBank launched its Tier 2 Notes issue last February 3, 2012. The Tier 2 Notes are being issued to finance PSBank’s asset growth and to further increase and strengthen its capital base.

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