PSBank Debuts in the PDEx Local Debt MarketPosted on: January 30, 2017
30 January 2017, Makati Philippines – Philippine Savings Bank (PSBank) listed its maiden issue, the PhP 3.375 Billion Series 1 Long Term Negotiable Certificates of Time Deposit (LTNCTD) due 2022, in the local debt market.
PSBank’s listing is the first for 2017, bringing the total level of tradable corporate debt instruments to PhP 646.91billion consists of 113 securities listed by 40 companies.
Philippine Dealing & Exchange Corp. President & COO Antonino A. Nakpil said in his welcome remarks: “It’s heartening to see PSBank tapping the local debt market to fulfill its mandate as a consumer and retail bank. With PSBank’s debut in the secondary market, its investors have a window and access to a diversified pool of investment instruments in an environment that is transparent, orderly, and liquid.”
The event was held at the PDS Group Assembly Hall and was graced by PSBank Executive Vice President Jose Vicente Alde, PSBank Senior Vice President & Treasury Group Head Perfecto Ramon Dimayuga, Jr., PSBank Senior Vice President & Branch Banking Group Head Francis Llanera, and PSBank Senior Vice President & Marketing Group Head Emmanuel A. Tuazon.
The issue participants were also present including ING Bank N.V., Manila Branch (ING Bank) Country Manager Consuelo Garcia, ING Bank Head of Financial Markets Johnson Sia, and First Metro Investment Corporation First Vice President Lalaine De Guzman. #