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EastWest Lists Maiden Issuance of Fixed Rate Bonds on PDEx
Posted on: February 21, 2020
21 February 2020, Makati, Philippines — East West Banking Corporation (EW) lists its maiden issue of PhP 3.7 billion fixed rate bonds under its PhP 10 Billion bank bond program on the Philippine Dealing & Exchange Corp. (PDEx).
The 3-year bonds were oversubscribed from EW’s initial offering of PhP 2 Billion and carry an interest rate of 4.500% per annum to be paid quarterly.
This 8th listing for 2020 brings the year-to-date total of new listings to PhP 71.74 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.39 Trillion issued by 54 companies, comprised of 201 securities.