trending Market Intelligence /marketintelligence/en/news-insights/trending/vtawb4lviqglwfejxgpf8q2 content esgSubNav
In This List

Philippine Savings Bank to raise 15B pesos in certificate issue

Blog

Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Philippine Savings Bank to raise 15B pesos in certificate issue

Philippine Savings Bank said May 21 that it plans to raise up to 15 billion pesos through the issuance of long-term negotiable certificates of time deposits.

The certificates will be issued in two or more trances over a period of one year and will have a tenor of 5.5 years. The final terms of the issuance, such as the offer period and interest rate, will depend on market conditions.

The bank said the issuance will allow it to access long-term funding to further expand its consumer banking business.

The issuance is subject to the approval of the central bank.

As of May 21, US$1 was equivalent to 52.36 Philippine pesos.