SY family-led China Banking Corp. (Chinabank) said Thursday that it was planning to conduct a series of fundraising events over the next three years to raise up to P100 billion for expansion.
In a disclosure, Chinabank said that its board a day earlier approved “a fundraising exercise of up to P100 billion in several tranches for the next three years, which may be in the form of retail bonds and/or commercial papers, or a combination thereof.”
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