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Article: SB CAPITAL LAUNCHES US$10 MLN NOTE ISSUE FOR PHIL MICRO-FIN BODY.
- Article from:
- AsiaPulse News
- Article date:
- September 11, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MANILA, Sept 11 Asia Pulse - SB Capital Investment Corporation (SB Capital), the wholly-owned investment banking arm of Security Bank and one of the leading and most active investment houses in the Philippines, successfully raised P500 million (US$10.3 million) from the issuance of corporate notes for the Center for Agriculture and Rural Development, Inc. (CARD), the Philippine's largest microfinance institution (MFI).
The proceeds will be used by CARD to partially finance its medium-term plans to expand its micro-finance activities to benefit a larger base of small entrepreneurs nationwide.
The transaction marked the first time that a Philippine-based ...
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