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Security Bank Corporation Lists PHP 14.6 Billion Fixed Rate Bonds on PDEx
Posted on: November 15, 2022
10 November 2022, Makati, Philippines — Security Bank Corporation (SECB) returns to the local debt capital market with the issuance and listing of its PHP 14.6 Billion Fixed Rate Bonds Due May 2024 on the Philippine Dealing & Exchange Corp. (PDEx). The bond carries a coupon rate of 5.3000% p.a. to be paid on a quarterly basis.
PDEx President and CEO Antonino A. Nakpil was pleased to report a great ongoing record. He said: “We are still hung over from hitting the PHP 400 Billion milestone and we are again welcoming another issuance that turned from a modest to a sizable amount. With much delight we welcome Security Bank Corporation for its second listing this year of PHP 14.6 billion worth of 1.5 Year Fixed Rate Bonds. Security Bank now has listed a total of PHP 30.6 billion, its biggest by far in a single year.”
“It is encouraging to see market stalwarts like Security Bank tap the capital market for its funding needs nurturing the nexus between the real economy and the financial economy. Despite the challenging market environment through most of this year, activity in the primary market has been remarkable and there is a good chance for new bond listings in 2022 to break above the PHP 500 billion mark. It is indeed a counterpoint to negative news when we witness corporations continue to engage in strategic funding and financial intermediaries likewise replenishing coffers to support lending activity, a counterpoint called economic growth.”, Mr. Nakpil further added.
This 25th admission for 2022 brings the year-to-date total of new listings to PHP 424.44 billion, pushing the total level of tradable corporate debt instruments to PHP 1.35 trillion issued by 54 companies, comprised of 193 securities.
PDEx Press Release SECB Fixed Rate Bonds_SECB