9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON
480,645,163
11. Indicate the item numbers reported herein
Item No. 9: Other Events
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Philippine Bank of CommunicationsPBC
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
PBCOM Shortens Offer Period for Maiden Peso Bond Issue Amid Strong Investor Demand
Background/Description of the Disclosure
Philippine Bank of Communications (“PBCOM”) has successfully concluded its maiden Peso bond offering ahead of schedule, closing more than a week early due to robust investor demand. Initially set to run from October 14 to October 28, the offering attracted strong interest from both retail clients and a diverse mix of institutional investors.
The Series A bonds which have a tenor of one-and-a-half years and a fixed interest rate of 6.0796% per annum, represent the first tranche under PBCOM’s PhP15 Billion Peso Bond Programme. The Bonds are scheduled to be issued and listed on the Philippine Dealing & Exchange Corporation (PDEx) on 05 November 2024.
Proceeds from the Bond issuance will be utilized for general corporate purposes, including refinancing debt obligations, diversifying funding sources and supporting loan growth.
ING Bank N.V. Manila Branch (“ING”) served as the Sole Arranger and Bookrunner, with both PBCOM and ING acting as selling agents.
###
Other Relevant Information
Please see attached for the press release and SEC Current Report.