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BTr sells P25 billion in 7-yr T-bonds; rate up 31.6 basis points

THE government sold P25 billion in the full award made at Tuesday’s auction of re-issued 7-year Treasury bonds at an average annual rate of 3.742 percent.

Read more: BTr sells P25 billion in 7-yr T-bonds; rate up 31.6 basis points

Metrobank selling P6.5-billion more sub-debt notes

Metropolitan Bank & Trust Co.  (Metrobank) on Tuesday started selling a new series of Basel 3-compliant Tier-2 notes worth P6.5 billion, Metrobank Vice President and Head of Investor Relations Juan Placido Mapa III said.

Read more: Metrobank selling P6.5-billion more sub-debt notes

PHL to have a fully operational credit information system by next year

The Philippines moved closer to the actual operation of a central credit information system that will allow local banks to share and store an individual’s credit profile in a unified and centralized infrastructure, one that is expected to bring down loan costs and nonperforming loans.  

Read more: PHL to have a fully operational credit information system by next year

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