Union Bank of the Philippines to redeem 7.2B pesos of Tier 2 notes

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Making sanctions effective: Key themes for banks

Union Bank of the Philippines will exercise its early redemption option on 7.20 billion Philippine pesos of Tier 2 unsecured subordinated notes

The notes were issued Nov. 20, 2014, and are due Feb. 20, 2025, according to a Jan. 20 stock exchange filing.

The notes, which carry an interest rate of 5.375%, will be redeemed Feb. 20.

As of Jan. 20, US$1 was equivalent to 50.98 Philippine pesos.