Unibank SA on Feb. 20 plans to auction bonds worth up to $1.4 million, according to a Feb. 15 filing.

The 180-day, series T securities carry an interest rate of 3.00% and will be issued Feb. 22.

Funds collected from the sale will be used to continue the growth of the company's productive assets.

The offering is part of the bank's $50 million bond program.