Investors find value in Security Bank

manila on map px23-0
By Morgan Davis
18 Sep 2018

The Philippines’ Security Bank Corp offered a decent premium over its domestic peer to woo investors to its $300m bond offering on Monday.

Despite the typhoon that devastated the Philippines over the weekend, Security Bank was ready to hit the market on Monday, following a roadshow the previous week. Bookrunners and lead managers Citi, CLSA, MUFG and UBS opened the five year and one day bond at 190bp over US Treasuries. ...

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