BDO upsizes deposit notes issue to P11.8B

its offer of P5- billion worth of - demand from both retail and institutional investors.

two-and-a-half times the offered amount, the bank said a disclosure on Friday.

As a result, BDO shortened the 10, 2017, a day ahead of schedule. by a local bank,” it said.

BDO’s latest tranche of LTNCDs with the interest rate set at 3.625 percent per annum. The issue while the maturity date will be on February 18, 2023.

Other features of the LTNCD include: tax exemption on interest income for individual investors if - Deposit Insurance Corp. up to a maximum of P500,000 per deposi market conditions.

“The LTNCD issuance is part of the bank’s efforts to diversify sources and support business expansion plans,” BDO said.

- the issue while BDO and BDO Private Bank were the other sell

“The bank would like to thank support for this issue,” it said.