BankCom raises P 6.57B for refinancing debt

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7 months ago

MANILA, Philippines — Bank of Commerce (BankCom), the banking affiliate of conglomerate San Miguel Corp. (SMC), has raised P6.57 billion from its peso bond offering that will help refinance its maturing debts. BankCom on Friday said its offer was 1.3 times oversubscribed due to strong demand from institutional and retail investors, as it initially sought

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refinancing

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