In an interview with reporters, PNB president Florido Casuela said the issuance comes as part of the bank's strategy to manage upcoming bond maturities and raise capital to support its initiatives.
"We have maturing bonds in September," Casuela said. "So we will be floating bonds perhaps in the later part (of the year). We're targeting November or December."
While PNB has not yet finalized the exact amount it plans to raise, Casuela said that it would depend on market conditions and the bank's specific needs at the time of issuance.
This story is from the September 20, 2024 edition of The Philippine Star.
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This story is from the September 20, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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