Monday 10 December
Apr 14, 2018 @ 16:06

PNB pushes through with global notes offer


This bank is eyeing to raise as much as $1 billion from global investors.

The Philippine National Bank (PNB) is forging on with its plan to offer medium-term notes (MTN) to foreign investors.

The listed bank owned by bilyonaryo Lucio Tan said they have established the MTN programme, which will allow them to issue and sell notes in order to raise $1 billion in fresh funding.

The notes will be listed at the Singapore Stock Exchange on Friday, April 13.

Citigroup Global Markets Limited, MUFG Securities EMEA Plc, Standard Chartered Bank, and Wells Fargo Securities, LLC have been chosen as Lead Arrangers and Dealers for the issuance.

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