China Bank raises P10.25B from initial LTNCD offering

CHINA Banking Corp. said it raised P10.25 billion from its offer of long-term negotiable certificates of deposit (LTNCD) amid strong demand. “Two times oversubscribed, the bank upsized the offer from initial size of P5 billion to P10.25 billion, with an interest rate of 4.55 percent per annum,” the bank said on Thursday. The issuance was the [...]

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