EastWest Bank Lists PhP 995.200 Million in PDExPosted on: April 25, 2017
25 April 2017, Makati Philippines – EastWest Bank listed its PhP 995.200 MM EW Long-Term Negotiable Certificates of Time Deposit (LTNCTD) Due 2022 in the PDEx organized secondary market. This issuance follows EastWest Bank’s recent maiden issue of the same security, which was issued and listed last March 21.
Today’s issuance is the first of its kind for coupon-bearing LTNCTDs where the additional Notes amounting to PhP 995.200 MM carry the same security features as the original issue. Today’s issued volume thus brings the total outstanding listed amount of the EW LTNCTDs Due 2022 to PhP 3,699,130,000.
EastWest Bank Senior Executive Vice President and COO Jose Emmanuel U. Hilado led the ringing of the ceremonial bell to herald the start of trading of the additional EW LTNCTD Due 2022 in the PDEx organized secondary market.
The year-to-date total of new listings in PDEx now stands at PhP 62.27 Billion, bringing the total level of tradable corporate debt instruments to PhP 678.93 Billion issued by 43 companies comprised of 118 securities. #