THE Bank of the Philippine Islands (BPI) issued on Friday the largest volume of Long-Term Negotiable Certificates of Time Deposit (LTNCTD) thus far as strong demand prompted the bank to upsize its initial offering of P5 billion to P12.2 billion.

The LTNCTDs were also listed on the Philippine Dealing Exchange Corp. (PDEx), the first instrument listed by BPI on the fixed income exchange.

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