trending Market Intelligence /marketintelligence/en/news-insights/trending/5YGb3qfzinJw9hPZGLLOSQ2 content esgSubNav
In This List

Union Bank of the Philippines raises US$400M in note issue

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Union Bank of the Philippines raises US$400M in note issue

Union Bank of the Philippines raised US$400 million through an issuance of fixed-rate senior notes.

The bank said the five-year notes will carry an annual coupon of 3.369% and will be issued under its medium-term note program. The issuance will settle Nov. 29.

The bank said it will use proceeds of the issuance to refinance its existing liabilities, expand its funding base and for other general corporate purposes.

Citigroup Inc. and Standard Chartered Bank are serving as joint lead managers and joint bookrunners, while China Bank Capital Corp. is acting as domestic lead manager.