Philippine Business Bank Issues PhP3B Corporate Notes

Philippine Business Bank (PSE: PBB), in partnership with BDO Capital & Investment Corp. and BDO Unibank Inc. (PSE: BDO), issued PhP3 billion corporate notes due 2022 as part of the PhP10 billion debt program approved by its board of directors in March 2019.

The proceeds from the notes facility will be used to finance the bank’s growing funding requirements and capitalize on attractive lending opportunities.

The issuance is the first tranche of PBB’s PhP10 billion debt program. BDO Capital & Investment Corp. acted as lead arranger.

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