trending Market Intelligence /marketintelligence/en/news-insights/trending/iTtIKeHzsi_59VuxOUGg9g2 content esgSubNav
In This List

Philippine National Bank to redeem 3.5B pesos of 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


Philippine National Bank to redeem 3.5B pesos of notes

Philippine National Bank will redeem its 3.5 billion pesos of lower tier 2 unsecured subordinated notes on May 10.

The notes were issued May 9, 2012. The bank will redeem the notes at an amount equal to the aggregate issue price of the notes plus accrued and unpaid interest.

The bank said the call option amount shall be paid to all noteholders on record as of April 25.

As of Feb. 2, US$1 was equivalent to 49.68 Philippine pesos.