Security Bank Corporation (“SECB”) announced today its fixed-rate peso bond offering with a minimum issue size of PHP5 billion, with an oversubscription option (the “Bonds”). 

The Bonds will have a tenor of 5 years and 1 month and will be marketed at a fixed rate of 5.7000% per annum. The public offer period will run from July 8 to August 13, 2024.* Minimum denominations have been set for PHP100,000 and increments of PHP10,000 thereafter. 

Security Bank will list the Bonds on the Philippine Dealing and Exchange Corp. on August 20, 2024, to provide secondary market liquidity to investors who would like to trade the instruments. 

The Bonds will be issued out of the Bank’s PHP200 billion Peso Bond and Commercial Papers Program. Proceeds will be used to support the Bank’s lending activities and expand its funding base. 

“We’re excited about this peso bond offering, which will support our strategic initiatives and diversify our funding sources. We’re confident this offering will deliver value to our clients looking to invest in a high-quality instrument with attractive returns,” said Arnold Bengco, Security Bank EVP and Financial Markets Segment Head. 

Security Bank has mandated Philippine Commercial Capital, Inc. (“PCCI”) and SB Capital Investment Corporation as Joint Bookrunners, Joint Lead Arrangers, and Selling Agents for this issuance.