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Published on 1/7/2009 in the Prospect News Emerging Markets Daily.

Philippines' Allied Bank to sell up to 5 billion pesos of CDs

By Jennifer Chiou

New York, Jan. 7 - Allied Banking Corp. informed the Philippine Stock Exchange that it plans to issue up to 5 billion pesos of long-term certificates of deposit.

The CDs may be issued in one or several tranches.

Allied Bank is a Manila, Philippines-based retail and commercial bank.


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