China Bank issued its first tranche of LTNCTDs last November 2016 amounting to P9.58 billion. The second tranche puts the company’s total outstanding amount of listed issues at P15.93 billion. The issuance is expected to boost China Bank’s long-term deposit base and long-term asset growth, according to the company. With the company’s second listing, the total outstanding listed issues of the SM Group now amount to P140.7 billion, accounting for 20 percent of the overall outstanding listed securities on PDEx. The total level of tradable corporate debt instruments, meanwhile, increased to P708.64 billion issued by 43 companies, comprised of 121 securities.

Source: Manila Times June 04, 2017 16:30 UTC