Philippine Business Bank (PBB) is set to raise as much as P5 billion from its planned issuance of long-term negotiable certificates of time deposits (LTNCD), or high-yielding deposits.

Still subject to prior approval of the Bangko Sentral ng Pilipinas, PBB has gotten the go-signal from its board to offer and issue to the public LTNCDs up to a maximum aggregate principal amount of P5 billion.

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