ABOITIZ-led Union Bank of the Philippines plans to raise as much as P70 billion in the next few years from the issuance of long-term negotiable certificates of deposit (LTNCDs) and a euro medium-term note (MTN) program.
Union Bank said on Monday its Board of Directors approved the issuance of LTNCDs up to an aggregate amount of P20 billion, subject to the approval of the Bangko Sentral ng Pilipinas.
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