Security Bank Corporation Issues P20.0 Billion Worth of Corporate Bonds Due 2029

Security Bank Corporation (SECB) has successfully issued today its Fixed Rate Peso Corporate Bonds due 2029.

Security Bank raised P20 billion worth of bonds at 6.05% per annum, with a tenor of 5 years and 1 month. This is the largest issue size of the Bank to date. Due to strong demand for the bonds, the Bank exercised its oversubscription option and accepted offers above its minimum P5 billion issue size. The Bank also ended its bond offer period early as volume significantly exceeded target.

The bonds were listed today at the Philippine Dealing & Exchange Corp. (PDEx). Security Bank offered the bonds to diversify its funding sources and support its lending activities.
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"We’re humbled by the overwhelming response to our bond offering, which reflects the strong trust and confidence of our investors in Security Bank and our BetterBanking promise. We’re grateful for their support and will strive to keep delivering value to our clients and stakeholders," said Arnold Bengco, Security Bank Executive Vice President and Financial Markets Segment Head.

Security Bank has mandated Philippine Commercial Capital, Inc. (PCCI) as Sole Bookrunner; and PCCI and SB Capital Investment Corporation as Joint Lead Arrangers and Selling Agents for this issuance.

Security Bank is a private domestic universal bank in the Philippines with total assets of P948 billion as of June 30, 2024. The Bank has been operating for 73 years since it was established in 1951. To date, Security Bank has a total of 328 branches and 662 ATMs, Cash Recycler Machines (CRMs) and Cash Acceptance Machines (CAMs).

In 2024, Security Bank was recognized Best for High-Net-Worth Clients in the Philippines by Euromoney. This is the fourth consecutive year Security Bank wins the Euromoney/Asiamoney award (2024, 2023, 2022, and 2021). Security Bank was awarded The Philippines' Best Bank for Corporates by Euromoney. Also in 2024, Security Bank was awarded Best Investor Relations Company (Philippines), Sustainable Asia Award (formerly called Asia’s Best CSR Award), Asia’s Best CEO (Investor Relations), Asia’s Best CFO (Investor Relations), and Best Investor Relations Professional (Philippines) by Corporate Governance Asia for four consecutive years (2024, 2023, 2022, and 2021); and Best Digital CX-Account Opening and Onboarding (Retail Banking) by The Digital Banker. The Bank’s MV Tellering System won Best Branch Digitisation Implementation by The Asian Banker. Furthermore, Asian Banking & Finance recognized the Security Bank Wave Mastercard as Credit Card Initiative of the Year, Sustainability Initiative of the Year, and ESG Program of the Year (Bronze); the Bank also won the award for Domestic Digital Payment Initiative of the Year for its Billing Invoice Presentment and Payment System (BIPPS).

In 2023, Security Bank was awarded Best Corporate Bank in the Philippines award by Asiamoney; Best Retail Bank in the Philippines by Alpha Southeast Asia for four consecutive years (2023, 2022, 2021 & 2020); Best Payment Solution in the Philippines – BIPPS by Alpha Southeast Asia; the 4 Golden Arrow Recognition for corporate governance excellence by the Institute of Corporate Directors (ICD); Best Small Cap Company, Philippines 2023 – Silver by FinanceAsia; Workplace Wellness Programme Award – Philippines by ESGBusiness Awards (Singapore); and Renewable Energy Financing Programme-Philippines Award – SB Capital by Alpha Southeast Asia. Security Bank was awarded Excellence in Employee Engagement by Retail Banker International in the RBI Asia Trailblazer Awards 2023. Security Bank ranked in Forbes’ World’s Best Employers in 2023, whereby Security Bank ranked #54 in the world, #2 among Philippine companies, and #1 among Philippine banks. Forbes partnered with market research firm Statista to create Forbes’ seventh annual list of the World’s Best Employers.