Philippine Savings Bank (PSBank) announced that it is raising PHP 3 billion in Peso Fixed Rate Bonds from January 9 to 21, 2020 -- following the Bank's maiden offering in July 2019. With a tenor of 3 years, the bond is priced at 4.5% per annum, with option to upsize, with interest payments made every quarter and the full principal paid out at maturity in 2023. This PSBank Peso Fixed-Rate Bond will require a minimum of PHP 500,000 from investors, with increments of PHP 100,000 thereafter. The bond will be officially issued and listed on the Philippine Dealing Exchange Corporation on February 4, 2020. The Standard Chartered Bank is the sole arranger and the primary selling agent of the bond offer, with PSBank, Metrobank, and First Metro Investment Corporation as other authorized selling agents. PSBank last year reported a highly successful maiden bond offering in July, which raised PHP 6.3 Billion, more than double of the planned PHP 3 Billion. In just five days, the total orderbook was four times oversubscribed, which led the Bank to cut the offer period short. The Bank also made impressive strides as of the 3rd quarter of 2019, as it registered PHP 2.2 Billion in net income and PHP 232.0 Billion in resources -- strong financial results supported by a 9.3% growth in core revenues, composed of interest income and fee-based income.