trending Market Intelligence /marketintelligence/en/news-insights/trending/AgMKskoD0V-sKCD-0OUK9g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Philippines' Security Bank to redeem 10B pesos of notes

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Philippines' Security Bank to redeem 10B pesos of notes

Philippines-based Security Bank Corp. plans to redeem its outstanding 10 billion pesos of 5.375% notes on July 12.

The lender said May 21 that it will exercise the call option of the unsecured subordinated notes, which are due July 11, 2024. It will pay the call price equal to 100% of the principal amount together with interest to noteholders as of June 28.

The bank has received regulatory approval for the note redemption.

As of May 21, US$1 was equivalent to 52.47 Philippine pesos.