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Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item
Published on 1/2/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines’ UnionBank to call 2025 bonds, eyes PHP 20 billion bonds

By Marisa Wong

Los Angeles, Jan. 2 – Union Bank of the Philippines (UnionBank) said the Bangko Sentral ng Pilipinas has approved a redemption of subordinated debt and a proposed issuance of replacement subordinated debt.

UnionBank is planning to call its existing PHP 7.2 billion of tier 2 capital due 2025 and plans to issue PHP 20 billion of Basel III tier 2 capital to replace the redeemed securities.

The bank is based in Pasig City, Philippines.


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