China Bank set to raise P75B via bond offer

Sy family-led China Bank is setting up a P75-billion bond program for the next three years, joining the bandwagon of banks tapping the bond market to fund robust lending activities.   Such a bond program gives Chinabank more options to raise funds and reduce reliance on deposits.   Chinabank's fundraising exercise of up to P75 billion will be done in several tranches for the next three years.   These may be in the form of retail bonds and/or commercial paper.   Retail bonds are long-term debt paper while commercial paper are short-term unsecured promissory notes or IOUs.   "The proceeds shall be used to support the bank's strategic i...Keep on reading: China Bank set to raise P75B via bond offer
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