My Google Page Rank

Landbank launches P6.5-B Tier 2 offering

PDFPrintE-mail

Land Bank of the Philippines (Landbank)launched on Wednesday its P6.5 billion peso-denominated 10-year and three months Tier 2 unsecured subordinated Notes offering.

Landbank president and chief executive officer (CEO) Gilda E. Pico spearheaded the launch and stressed the need for the bank’s capital raising in line with its mandate to promote growth in rural areas.

“Landbank’s offering of the Notes at the current low interest rate environment will further strengthen our capital position and, more importantly, boost our lending to farmers and fisherfolk and other priority sectors congruent with our countryside development mandate,” she said.

Indicative rate for this offer is around six percent annually but final rate will be set at the end of the offer period. Interest rates will be paid quarterly and will be fixed throughout its tenor.

Pico said they will offer the notes until Jan. 20, 2012 “but this may be adjusted as needed”.

She said that the notes would carry a fixed rate coupon “and will be priced based on the prevailing 10-year PDST-F benchmark.”

She also said that the Tier 2 notes has a call option after the fifth year.

Landbank has mandated Deutsche Bank AG, Manila Branch, Hongkong and Shanghai Banking Corp. Limited (HSBC), and Standard Chartered Bank as joint lead arrangers and selling agents for the transaction while Multinational Investment Bancorporp. was tapped as selling agent, along with Landbank and its branches, on a limited basis.

By PNA




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

One gun-for-hire dead in shootout with cops

24 Nov 2017 Hits:96 Be the first to comment!

An alleged member of a gun-for-hire group was killed in a shootout with personnel of the Regional Public Safety Battalion 9 (RPSB9) in Barangay Balok, Sindangan Municipality, Zamboanga del Norte (ZDN) Province on Tuesday. Police Regional Office 9 (RPO9) spokesperson Chief Insp. Helen Galvez identified the fatality as Rene Carcillas, 49, married, of Barangay Diquis, Manukan Municipality, ZDN. The suspect was rushed to Sindagan Municipal Hospital for medical treatment but the attending physician declared him dead on arrival. Galvez told Zamboanga Today that a checkpoint was established in the said area on Tuesday night by combined personnel of the RPSB9 and Sindangan Municipal Police Station. The authorities flagged down a color black and white Honda XRM motorcycle approaching the checkpoint but the back-rider suddenly [...] Read more

Prev Next Page:

FERNDALE SCHOOL 2017 SBP PASSERELLE MINDANAO CHAMPION

24 Nov 2017 Hits:49 Be the first to comment!

Este el istoria del Ferndale International School locao na Veterans Avenue, Ciudad de Zamboanga. El presidente del escuela si Dr. Anicia A. Alvarez y el official ta ayuda mira canamon [...] Read more


BAP TOURNAMENT AND OFFICIATING LEAGUE

23 Nov 2017 Hits:65 Be the first to comment!

Schedule games for Nov. 26,2017 (Sun) Golden Boys Gym 8:30 am  Bonchon -vs-  J Vince 10:00 am  Jocsie     -vs-   RRJ RESULT of the games played last Nov.19,2017(Sun) WEST SCC GYM.. SAN JOSE [...] Read more


Four houses destroyed by fire

23 Nov 2017 Hits:71 Be the first to comment!

Four houses made-of-light materials were totally razed to the ground in Royal Lane Drive, Barangay Tugbungan. Zamboanga City Central Fire Station (ZCCFS), District Fire Marshall Clint Cha identified the owners of [...] Read more


WMSU, WMBA host National Training on Bio-Threat Reduction for LGUs

22 Nov 2017 Hits:77 Be the first to comment!

The Western Mindanao State University (WMSU), through the Western Mindanao Biosafety and Biosecurity Association (WMBA), and in partnership with the United States Department of Defense- Defense Threat Reduction Agency, successfully [...] Read more


Fire Chief prepares for fire

22 Nov 2017 Hits:79 Be the first to comment!

In preparation for the coming Yuletide Season, District Fire Marshal, Chief Insp. Clint Cha has called on all fire sub-stations to prepare and ready their various equipment and firetrucks. Cha said [...] Read more


DOH cites importance EO 28

22 Nov 2017 Hits:66 Be the first to comment!

The Department of Health, Regional Office 9 yesterday explained the objective and importance of Executive Order Number 28 of President Rodrigo Duterte on June 27, 2017, providing for the regulation [...] Read more


Wesmincom Chief says ASG strenght significantly dropped

22 Nov 2017 Hits:71 Be the first to comment!

Lt. Gen. Carlito Galvez, Western Mindanao Command Chief, yesterday said that the strength of the Abu Sayyaf Group in Sulu, Basilan and Tawi Tawi has significantly decreased. Galvez said this is [...] Read more


D' CUSTODIAN BALLER … NELLIE

22 Nov 2017 Hits:64 Be the first to comment!

Este si Marnelli Candido Berba, su palayao “Nellie”, 33 años de edad, 5’0” el altor, residente de Talon Talon, Ciudad de Zamboanga. Su mayores si Ernesto N. Berba y Maridol [...] Read more


380 aspiring fire officers take qualifying exams

21 Nov 2017 Hits:80 Be the first to comment!

More or less 380 applicants took the qualifying exam conducted by the Bureau of Fire Protection (BFP-IX) at the Zamboanga State College of Marine Sciences and Technology, yesterday. District Fire Marshal, [...] Read more


Cops, probers undergo training on drug cases

21 Nov 2017 Hits:69 Be the first to comment!

Members of the local police, investigators and other law enforcement agencies undergo a two-day enhancement training on handling drug cases in a bid to ensure successful implementation of the war [...] Read more


Submarine cable landing stations to speed-up internet connectivity – DOST

21 Nov 2017 Hits:117 Be the first to comment!

The slow internet connection in the country may soon be a thing of the past. This was according to the Department of Science and Technology (DOST) as it welcomed the [...] Read more


LADY PANTHER WRESTLER… ERICA

20 Nov 2017 Hits:80 Be the first to comment!

Este si Erica Bataclan Martinez, su palayao “Ecang”, 17 años , 5’3” el altor,    Su mayores si Oscar B. Martinez y Lariza A. Bataclan Martinez, su hermano y hermana [...] Read more


FOOTBALL CHIEF… TENG

19 Nov 2017 Hits:73 Be the first to comment!

Este si VICENTE EDUARDO S. TORRES, ta llama conele “Teng/Pardz/Boboy”, 62 años de edad , casao y su esposa si Esther Facultad Torres Y diila anak si Pompeyo F. Torres [...] Read more


AboitizPower sustains strong foothold in hydropower business

18 Nov 2017 Hits:138 Be the first to comment!

On the back of a strong demand for renewable energy (RE), AboitizPower continues to ramp up its portfolio of generation facilities across the Philippines. AboitizPower's subsidiary, SN AboitizPower, has completed the [...] Read more


ZAMBOANGA FOOTBALL - ROLL D BALL

18 Nov 2017 Hits:84 Be the first to comment!

Del Nov. 12, 2017 Domingo el Segundo semana de Season long Zamboanga Football league. El primer juego tan feature cun Resto del Mundo contra  Zamboanga United . Ta pricura man [...] Read more


Police shift war on drugs to anti-gun-for-hire drive

17 Nov 2017 Hits:98 Be the first to comment!

Police regional director and vice chair of the Regional Peace and Order Council (RPOC) for Western Mindanao Chief Supt. Billy Beltran announced recently that all police operatives previously assigned in [...] Read more


Military launch rescue ops for latest victims of ASG

17 Nov 2017 Hits:134 Be the first to comment!

Government troops are now conducting operations to rescue the six people, including two children, who have been abducted by about 15 suspected Abu Sayyaf bandits in Patikul, Sulu, according to [...] Read more


OCENR sets city-wide clean up on Nov 25

17 Nov 2017 Hits:79 Be the first to comment!

The City Government through the Office of the City Environment and Natural Resources (OCENR) will head a city-wide clean up drive on November 25. “We are going to have a city-wide [...] Read more