Philippine National Bank plans to issue dollar-denominated bonds in Nov-Dec to manage maturities, raise capital, and improve lending.
Philippine National Bank (PNB), led by Lucio Tan, plans to issue dollar-denominated bonds in November or December to manage upcoming maturities and raise capital. The exact amount remains undecided, influenced by market conditions. PNB aims to enhance consumer lending and reduce corporate loan exposure, launching a new credit card to support this strategy. Additionally, the bank anticipates improved loan growth as interest rates decline and reserve requirements are reduced.
September 19, 2024
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