Philippine National Bank Raises PHP15.7 Billion via Bond Offering

MT Newswires Live
2025/12/11

Philippine National Bank (PSE:PNB) raised 15.7 billion Philippine pesos through an ASEAN Sustainability bond offering.

The offering forms part of the lender's 50 billion pesos bond and commercial paper program, according to a Thursday Philippines Exchange filing.

The debt issue was oversubscribed more than 5.2 times, reflecting strong demand from both institutional and retail investors.

The 10.9 billion pesos Series A Bonds, due 2028, carry an annual interest rate of 5.4877%, while the 4.82 billion pesos Series B Bonds, due 2030, bear an interest rate of 5.7764% per annum.

Proceeds will be used to finance or refinance eligible projects under the lender's Sustainable Financing Framework, it said.

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