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Philippines-based BDO Unibank to set up 100B-peso bond program

BDO Unibank Inc. plans to set up a bond program of up to 100 billion Philippine pesos.

The Philippine bank said Sept. 3 that its board approved the establishment of the program at an Aug. 31 meeting. The terms of the program were not disclosed.

As of Sept. 3, US$1 was equivalent to 53.51 Philippine pesos.