LISTED commercial bank China Banking Corp. said over the weekend it raised P6.34 billion from the issuance of its second tranche of long-term negotiable certificates of time deposit (LTNCTD) due 2022, which will be used to support its strategic initiatives and business expansion.

China Bank issued its first tranche of LTNCTDs last November 2016 amounting to P9.58 billion. The second tranche puts the company’s total outstanding amount of listed issues at P15.93 billion.

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