CHINA Banking Corp., a banking affiliate of the SM Group, is planning to issue up to P20 billion worth of long-term negotiable certificates of time deposits (LTNCD) for its initiatives and business expansion moving forward.

In a disclosure to the Philippine Stock Exchange, the bank said it will apply for the Securities and Exchange Commission’s (SEC) shelf registration program.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details