Security Bank offering at least 5-B long term notes this April
Investors, prepare your money!
Security Bank Corporation is looking for fresh funding as it reopens its offering for Long-Term Negotiable Certificates of Time Deposit (LTNCD).
In a disclosure, the bank said they are targeting to raise at least P5 billion between April 10-20, 2018. This marks the second tranche of the LTNCD float since October.
The central bank allowed Security Bank to raise as much as P20 billion within a year’s time. The bank already secured P8.6 billion from its offering in November 2017.
The new time deposits will be issued May 2.