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Philippines' Security Bank launches PHP 3 billion offering of notes
By Angela McDaniels
Tacoma, Wash., Nov. 17 - Security Bank Corp. planned to begin a PHP 3 billion offering of lower Tier 2 notes on or about Monday, according to a company notice filed with the Philippine Stock Exchange.
The offer period will end on Nov. 28.
The lead managers and selling agents are Deutsche Bank AG and ING Bank NV, Manila Branch, with Multinational Investment Bancorp. as another selling agent and Security Bank as a limited selling agent.
The Makati City, Philippines-based bank said the issuance was approved by the Bangko Sentral ng Pilipinas on Thursday.
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