{"id":111506,"date":"2017-08-11T04:49:35","date_gmt":"2017-08-11T08:49:35","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=111506"},"modified":"2017-08-11T04:49:35","modified_gmt":"2017-08-11T08:49:35","slug":"bdo-upsizes-ltncd-issuance-to-p11-8b-on-strong-demand","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/11\/bdo-upsizes-ltncd-issuance-to-p11-8b-on-strong-demand\/","title":{"rendered":"BDO upsizes LTNCD issuance to P11.8B on strong demand"},"content":{"rendered":"<figure id=\"attachment_111510\" aria-describedby=\"caption-attachment-111510\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bdo-logo_1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-111510\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bdo-logo_1.png\" alt=\"BDO (PNA Photo)\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bdo-logo_1.png 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bdo-logo_1-300x188.png 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-111510\" class=\"wp-caption-text\">BDO (PNA Photo)<\/figcaption><\/figure>\n<p>MANILA, Aug. 11 \u2014 Due to strong demand , Sy-led Banco de Oro Unibank Inc. (BDO) opted to upsize the issuance of\u00a0 Long-Term Negotiable Certificates of Deposits\u00a0 (LTNCDs) from original amount of\u00a0 PHP5 billion to PHP11.8 billion.<\/p>\n<p>This is, so far, the biggest LTNCD issuance for a local bank.<\/p>\n<p>In a disclosure with the Philippine Stock Exchange (PSE) Friday, the bank said it cut the offer period for the LTNCDs a day ahead of the supposed August 11, 2017 deadline because of the oversubscription.<\/p>\n<p>The 5.5-year LTNCDs, scheduled for issuance on Aug.. 18 , 2017, has an annual interest rate of 3.625 percent.<\/p>\n<p>BDO tapped Deutsche Bank AG, Manila Branch (DB) and ING Bank N. V., Manila Branch (ING) as Joint Lead Arrangers and Selling Agents for the issue, while BDO and BDO Private Bank were the other selling agents.<\/p>\n<p>\u201cThe Bank would like to thank its clients and the investing public for their continued confidence and support for this issue,\u201d the bank said. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, Aug. 11 \u2014 Due to strong demand , Sy-led Banco de Oro Unibank Inc. (BDO) opted to upsize the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":111510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[21065],"class_list":["post-111506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bdp","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=111506"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/111510"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=111506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=111506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=111506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}