October 17, 2022, Makati City, Philippines – Security Bank (PSE: SECB) announced today its fixed-rate peso bond offering with a minimum issue size of PHP3 billion, with an oversubscription option (the “Bonds”).

The Bonds will have a tenor of 1.5 years and will be marketed at a fixed-rate of 5.3% per annum. The public offer period will run from October 17, 2022 to October 28, 2022.* Minimum denominations have been set for PHP1 million and increments of PHP100 thousand thereafter.

Security Bank will list the Bonds on the Philippine Dealing and Exchange Corp. on November 10, 2022 to provide secondary market liquidity to investors who would like to trade the instruments.

The Bonds will be issued out of the Bank’s PHP100 billion Peso Bond and Commercial Papers Program (the “Program”). Proceeds will be used to support the Bank’s lending activities and expand its funding base.

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