PNB raises $300M from return to international bond market

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THE Philippine National Bank (PSE: PNB) has raised $300 million for its sustainable financing initiatives from its return to the international bond market after a 5-year hiatus.

The PNB posted a net income of P10.3 billion in the first semester of 2024, a 5.6 percent higher year-on-year.

By investor type, the PNB said 67 percent were asset managers and hedge funds, 23 percent were banks, and the remaining 10 percent were private banks, broker dealers and others.ING and J.P.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Percent Global Offering Philippine Bond Billion Investors International Return Market 5-year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 12:07:20 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23102999

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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