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Published on 8/22/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bank of the Philippine Islands board OKs redemption of tier 2 notes

By Marisa Wong

Madison, Wis., Aug. 22 - Bank of the Philippine Islands said its board of directors approved on Aug. 20 the optional redemption of its PHP 5 billion lower tier 2 notes issued in December 2008.

The tier 2 notes are redeemable on Dec. 13, according to a bank notice.

Bank of the Philippine Islands is based in Makati City.


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