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Bond offering OK'd by EastWest board

EAST West Banking Corp. (EastWest Bank) on Friday said it was planning to issue up to P30 billion worth of bonds over a five-year period.

The firm's board met a day earlier and approved a request by the bank's treasury group to inform the Bangko Sentral ng Pilipinas, Securities and Exchange Commission and the Philippine Stock Exchange about its intention to issue the bonds, EastWest said in a disclosure.