BankCom starts P3-B bond offering

By Ed Paolo Salting

Jul 12, 2022 12:14 am

SAN Miguel Corp.'s banking arm Bank of Commerce (BankCom) commences the public offer of its maiden peso bond issuance with a size of P3 billion with an oversubscription option (Series A Bonds).

BankCom will issue the bonds from its P20-billion bonds program. The Series A Bonds has a tenor of two years and a fixed interest rate of 5.0263 percent per annum.

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