SECURITY Bank Corp. said Thursday that it had raised $400 million (about P22.9 billion) via the issuance of senior unsecured fixed-rate notes for its capital base expansion, investments and other general corporate purposes.

The notes due in May 2029, issued as a drawdown of a $1 billion medium-term note program, are expected to be listed on the Singapore Exchange and have a credit rating of Baa2, or the ninth highest rating, by Moody's.

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