Security Bank (PSE: SECB) is offering up to PhP1 billion worth of fixed rate bonds due in 2024 with an oversubscription option (the “Bonds”).
The Bonds will have a tenor of 1.5 years and will be marketed at a fixed rate of 3.7407% per annum. The public offer period will run from July 4, 2022, to July 15, 2022. * Minimum denominations have been set for PHP1 million and increments of PHP100 thousand thereafter.
Security Bank will list the Bonds on the Philippine Dealing and Exchange Corp. on July 20, 2022, to provide secondary market liquidity to investors who would like to trade the instruments.
The Bonds will be issued out of the Bank’s PHP100 billion Peso Bond and Commercial Papers Program (the “Program”).
Security Bank has mandated Philippine Commercial Capital, Inc. (“PCCI”) as Sole Bookrunner, and PCCI and SB Capital Investment Corporation as Joint Lead Arrangers and Selling Agents for this issuance.