PSBank plans P40B fundraising
Bonds are coming!
The Philippine Savings Bank (PSBank) gave an early heads-up to the market as soon as their board of directors approved their newest capital-raising program.
In a disclosure, the thrift bank owned by the late bilyonaryo George S.K. Ty shared that they will soon roll out debt papers in multiple tranches, as they plan to raise an additional P40 billion.
The bank is pursuing expansion plans and is looking to fulfill higher buffer requirements, so stay tuned.