trending Market Intelligence /marketintelligence/en/news-insights/trending/DDpEpP2p5x4aTrhdd0FstQ2 content esgSubNav
In This List

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

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


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

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.