P5-B notes Listed bank Asia United Bank Corp. (AUB) has secured approval from the Monetary Board to pursue its plan to issue up to P5-billion worth of long-term negotiable certificates of deposit (LTNCDs), or high-yielding deposit instruments.
“Having received Bangko Sentral ng Pilipinas [BSP] approval, the Board [of AUB] ratified its resolution and authorized the issuance to the public of LTNCDs up to a maximum aggregate principal amount of P5 billion in one or more tranches over a period of one year,” AUB said in its disclosure to the Philippine Stock Exchange.
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