BDO Unibank Inc. (BDO) said its offer of P5-billion worth of long-term negotiable certificates of deposit (LTNCDs) was oversubscribed due to strong demand from both retail and institutional investors.
The issue was upsized from the original amount of P5 billion to P11.8 billion, representing almost two-and-a-half times the offered amount, the bank said a disclosure to the Philippine Stock Exchange on Friday.
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