LISTED Philippine National Bank (PNB) of business tycoon Lucio Tan will redeem P3.5-billion Tier 2 unsecured subordinated debt ahead of its maturity period as part of the bank’s aim to reorganize obligations.
In a disclosure to the Philippine Stock Exchange on Friday, PNB said the Bangko Sentral ng Pilipinas (BSP) has approved its request to exercise its call option on the 10-year debt notes issued on May 9, 2012.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.