After receiving the approval of Bangko Sentral ng Pilipinas (BSP), listed East West Banking Corp. has started to issue P5-billion worth of high-yield deposits on Monday.

In a disclosure to the Philippine Stock Exchage, EastWest said that after receiving authorization from the BSP to issue P5 billion of long-term negotiable certificates of deposit (LTNCD), it has now began its tranche offering of its LTNCD, which will mature on June 5, 2019.

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