{"id":329128,"date":"2024-08-22T00:53:39","date_gmt":"2024-08-21T16:53:39","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329128"},"modified":"2024-08-22T00:53:43","modified_gmt":"2024-08-21T16:53:43","slug":"trade-the-news-secb-secures-p20-billion-in-largest-bond-sale","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-secb-secures-p20-billion-in-largest-bond-sale\/","title":{"rendered":"Trade the News: SECB secures P20 billion in largest bond sale"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Security Bank Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>SECB<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Hold<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 96.98<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Security Bank Corp. (SECB) has raised P20 billion in its largest bond sale to date as demand from lenders soared days before the Bangko Sentral ng Pilipinas (BSP) cut interest rates.<\/p>\n\n\n\n<p>In a stock exchange filing on Tuesday, Security Bank said the issuance was its largest to date, coming from a base offer of P5 billion.<\/p>\n\n\n\n<p>The bonds, which will mature in five years and one month, carry a yield of 6.05 percent per year. These were listed on the Philippine Dealing and Exchange Corp. (PDEx) on Tuesday.<\/p>\n\n\n\n<p>\u201cWe\u2019re grateful for their support and will strive to keep delivering value to our clients and stakeholders,\u201d Arnold Bengco, Security Bank executive vice president, said in a statement.<\/p>\n\n\n\n<p>According to the bank, it offered the bonds to diversify its funding sources and support its lending activities.<\/p>\n\n\n\n<p>The country\u2019s eighth-largest bank cut short its offering by a week as volume \u201csignificantly exceeded\u201d its target.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/business.inquirer.net\/475874\/security-bank-raises-p20b-from-peso-bond-market\">Philippine Daily Inquirer<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329128","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329128"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329128\/revisions"}],"predecessor-version":[{"id":329130,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329128\/revisions\/329130"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}