Security Bank Corp. said Monday it plans to raise at least P5 billion from the issuance of fixed-rate bonds.
The bonds will have a 5-year term and a fixed rate of 6 percent per year, the bank said in a disclosure to the stock exchange.
The public offer period will run from Sept. 22 to Oct. 17, 2025. The size of the bonds will have an oversubscription option in case of strong demand.
Minimum denominations were set at P500,000 and increments of P100,000 thereafter.
The bonds, which will be listed on the Philippine Dealing and Exchange Corp. on Oct. 29, 2025, will be issued from the bank’s P200-billion bond and commercial papers program. The bank said it plans to use the proceeds to support lending activities and expand its funding base.
“We’re excited about this peso bond offering as it further strengthens Security Bank’s funding base and supports our growth and lending activities,” said Jim Yap, Security Bank executive vice president and Financial Markets Segment head.
“At the same time, it gives investors a high-quality peso investment with stable, predictable returns — underscoring the bank’s financial strength and commitment to our clients,” said Yap.
Security Bank tapped Philippine Commercial Capital, Inc. and Security Bank Capital Investment Corp. as joint bookrunners, joint lead arrangers and selling agents for the issuance.
Security Bank has a total of 361 branches and 637 ATMs, cash recycler machines and cash acceptance machines. As of the end of June, Security Bank had total assets of P1.15 trillion.
Security Bank was recently selected for inclusion in the FTSE Asia Pacific Small Cap Index, a key benchmark for global institutional investors.
The inclusion was part of the FTSE’s quarterly review in September and took effect on Sept. 19, 2025.
