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Published on 10/30/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bank of the Philippine Islands calls all lower tier 2 notes due 2018

By Marisa Wong

Madison, Wis., Oct. 30 - Bank of the Philippine Islands (BPI) said it will redeem all of its outstanding lower tier 2 notes due 2018 on Dec. 13.

Bangko Sentral ng Pilipinas recently approved the bond call, according to a Philippine Stock Exchange announcement.

Makati City, Philippines-based BPI issued PHP 5 billion of the lower tier 2 notes in December 2008.


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