MANILA, Philippines --- Tycoon Lucio Tan-led Philippine National Bank has raised its lending capability with proceeds from a P13.87-billion local bond debut and a $250-million syndicated loan facility. PNB listed on the Philippine Dealing and Exchange Corp. on Wednesday its maiden fixed rate peso bonds after a well-received offering. The bonds 2021 were priced to yield 6.25 percent per annum. The offering was oversubscribed by three times the base size of P5 billion. PNB president Wick Veloso said the high demand for the initial issue was a testament to investors' strong confidence in PNB and the country's economic stability. "Over the past century, PNB has been very active in off...
Keep on reading: Philippine National Bank boosts war chest by P27B
from INQUIRER.net http://bit.ly/2H8fgHU
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