PBCom raises P7.7B from maiden bond offering

Philippine Bank of Communications (PBCom) has raised P7.7 billion from its oversubscribed maiden bond offering last month, signaling a more optimistic market as interest rates begin falling. The billionaire Lucio Co-led bank on Tuesday said the bonds, which will mature in one and a half years and promise a yield of 6.0796 percent per annum,
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