UNION BANK of the Philippines (UnionBank) listed on Friday P11 billion worth of fixed-rate notes on the Philippine Dealing & Exchange Corp. (PDEx).
The issuance of these notes—originally set at P5 billion, but later raised to P10.5 billion in late November and P11 billion on Monday—is the first tranche of the Aboitiz-led lender’s P20-billion bond and commercial paper program that its board of directors approved on August 31.
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