Philippines’ Security Bank sets up $1 billion MTN program

By Marisa Wong

Morgantown, W.Va., Aug. 30 – Security Bank Corp. established on Thursday a medium-term note program totaling up to $1 billion or its equivalent in other currencies, according to a notice.

The company has mandated Citigroup, CLSA, MUFG and UBS as joint lead arrangers.

The program is expected to be listed on the Singapore Exchange Securities Trading Ltd.

The Makati City, Philippines-based bank said the program gives it flexibility to tap the international debt capital markets.

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