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

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


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.