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Philippines' Security Bank plans up to PHP 10 billion negotiable CDs
By Marisa Wong
Madison, Wis., Sept. 28 - Security Bank Corp. said that at a meeting on Tuesday its board of directors approved the issuance of up to PHP 10 billion of long-term negotiable certificates of deposit.
The CDs will have a maturity of five to seven years.
The proposed issue is subject to regulatory approval.
The bank is based in Makati City, Philippines.
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