Security Bank sets peso bond offerhome/Business/Corporate News/Security Bank sets peso bond offerSecurity Bank Corp. plans to issue bonds amounting to P50 billion. In a disclosure on Monday, the listed lender said its board of directors had “approved the establishment of a peso bond program of up to P50 billion” during its December 14 meeting. Incorporated on May 8, 1951, Security Bank began operations as a commercial bank on June 18 that year and as a universal bank on 1994. Its subsidiaries include SB Finance Company Inc.; SB Capital Investment Corp.; SB Rental Corp.; SB Equities, Inc.; SB Cards Corp.; SBM Leasing, Inc.; and SB Forex, Inc. Security Bank shares ended down 2 centavos or .12 percent at P160 each on Monday, in line with the Philippine Stock Exchange index’s 0.05-percent fall.

Source: Manila Times December 17, 2018 18:30 UTC