Bonds with an interest rate of 4.5% APR and a maturity of 3 years will be offered until February 14. At the same time, interest on the bonds will be paid every quarter.
East West plans to expand the types of services for the Bank’s clients with the help of the raised funds. The Bank’s President is confident that this step will strengthen the Bank’s position and make it more liquid.
The minimum nominal value of the bonds is P500,000, and the following bond denominations are increased by P100,000.
On February 21, the bonds will be listed on the Philippine exchange Corporation.
Unicapital, Inc. and East West Bank will act as agents and organizers of the transaction.