2 weeks LandBank raises P5B from bond offer Manilatimes |Biz
Land Bank of the Philippines (LandBank) has secured P5 billion in fresh funds from its maiden offering of sustainability bonds. In a statement on Thursday, the state-run lender said the bonds were listed on the Philippine Dealing and Exchange Corp. (PDEx) during a virtual ceremony on November 17. The issuance was more than five times oversubscribed, with total bids reaching P16.6 billion. This led the total issue size to increase from P3 billion to P5 billion. LandBank closed the offer period on its first day — October 26 — because of overwhelming market demand. “Amid the backdrop of a ... more