October 30, 2025 | 12:00am
MANILA, Philippines — Security Bank Corp. has raised P21 billion from the issuance of peso bonds due 2030 amid strong investor demand, marking the lender’s largest bond offering to date.
The bonds, carrying a fixed rate of six percent per annum with a five-year tenor, were listed yesterday on the Philippine Dealing and Exchange Corp.
“Strong investor demand prompted the bank to exercise its oversubscription option, accepting well above the initial P5 billion target,” Security Bank said in a regulatory filing.
Proceeds from the issuance will be used to diversify the bank’s funding sources and support its lending activities across key sectors.
“We’re grateful for the market’s confidence,” Security Bank executive vice president and financial markets segment head Jim Yap said.
“This successful issuance reaffirms investor trust in our strategy and strengthens our ability to fund growth while delivering on our BetterBanking promise,” he said.
Security Bank Capital Investment Corp. and Philippine Commercial Capital Inc. acted as joint lead arrangers and selling agents for the transaction.
The latest fund-raising activity supports the bank’s strategy to expand lending capacity while maintaining a stable funding base amid a competitive market environment.
The income of Security Bank Corp. rose by eight percent to P5.9 billion in the first half on the back of double-digit revenue gains and robust loan growth. As of June 30, Security Bank had total assets of P1.15 trillion.
Last month, the bank announced that it has tapped seasoned Singaporean banker Victor Lee Meng Teck as its next president and chief executive officer, marking a key leadership transition for the 74-year-old lender.
Lee will formally assume the top post in early January 2026, pending completion of his work permit, visa and other regulatory requirements.
He will succeed Sanjiv Vohra, who will continue to lead Security Bank until the transition and will thereafter serve as senior advisor to the board.
Established in 1951, the bank has been operating for 74 years and currently has 363 branches and 637 ATMs, cash recycler machines and cash acceptance machines nationwide.
