{"id":150161,"date":"2018-01-31T01:58:39","date_gmt":"2018-01-31T06:58:39","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=150161"},"modified":"2018-01-31T01:58:39","modified_gmt":"2018-01-31T06:58:39","slug":"unionbank-launches-p3-b-ltncd-offering","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/31\/unionbank-launches-p3-b-ltncd-offering\/","title":{"rendered":"UnionBank launches P3-B LTNCD offering"},"content":{"rendered":"<figure id=\"attachment_150162\" aria-describedby=\"caption-attachment-150162\" style=\"width: 882px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/UnionBankPH-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-150162\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/UnionBankPH-1.png\" alt=\"A logo for the Union Bank of the Philippines (Photo By Wintersira - Own work, Public Domain)\" width=\"882\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/UnionBankPH-1.png 882w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/UnionBankPH-1-300x77.png 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/01\/UnionBankPH-1-768x196.png 768w\" sizes=\"auto, (max-width: 882px) 100vw, 882px\" \/><\/a><figcaption id=\"caption-attachment-150162\" class=\"wp-caption-text\">A logo for the Union Bank of the Philippines <a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=14710722\">(Photo By Wintersira &#8211; Own work, Public Domain)<\/a><\/figcaption><\/figure>\n<p>MANILA \u2014 Listed Union Bank of the Philippines on Tuesday launched a PHP3-billion offering of high-yielding deposit notes to support business expansion plans and improve deposit maturity profile.<\/p>\n<p>The offering represents the initial tranche of up to PHP20 billion worth of long-term negotiable certificates of time deposit (LTNCDs) issuance approved by the Bangko Sentral ng Pilipinas (BSP) in tenors of 5.5 to 10 years in multiple tranches over a period of one year.<\/p>\n<p>\u201cThe Bank\u2019s initial offering of at least PHP3.0 billion, with an oversubscription option, will have a tenor of five years and six months with an indicative rate of 4.125 to 4.375 percent per annum,\u201d it told the local bourse.<\/p>\n<p>The final rate for the LTNCDs will be determined prior to the end of the public offer period, which will run until Feb. 9.<\/p>\n<p>Minimum investment in the LTNCDs has been set at PHP50,000 and increments of PHP10,000 thereafter. Interest payments will be made quarterly.<\/p>\n<p>The issue date is set on Feb. 19.<\/p>\n<p>Standard Chartered Bank was tapped as the sole lead arranger and bookrunner for the issuance, and will also act as a selling agent together with UnionBank and Multinational Investment Bancorporation for the offering.<\/p>\n<p>The LTNCDs will be listed on the Philippine Dealing Exchange Corporation.<\/p>\n<p>UnionBank provides a wide range of retail, commercial and corporate banking products and services, including loan and deposit products, cash management services, trust banking services, consumer finance, treasury and electronic banking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2014 Listed Union Bank of the Philippines on Tuesday launched a PHP3-billion offering of high-yielding deposit notes to support &hellip;<\/p>\n","protected":false},"author":33,"featured_media":150162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[42891,45350],"class_list":["post-150161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-union-bank-of-the-philippines","tag-unionbank-launches-p3-b-ltncd-offering","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/150161","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=150161"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/150161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/150162"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=150161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=150161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=150161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}