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City Savings Bank’s P1 Billion Corporate Notes Issue
City Savings Bank (CSB), a Cebu-based thrift bank, tapped SB Capital Investment Corporation and First Metro Investment Corporation, to jointly arrange a P1.0 Billion privately-placed corporate notes facility. The issue was backed by six participating noteholders which included Security Bank Corporation, First Metro Investment Corporation, China Banking Corporation, First Metro Save and Learn Equity Fund, Inc., First Metro Save and Learn Fixed Income Fund, Inc. and First Metro Save and Learn Balanced Fund, Inc. The proceeds from the notes issue will be used by City Savings to augment its long-term funding base and to support its long-term asset growth objective.

Photo shows Mikel A. Aboitiz, President and CEO of City Savings Bank, Inc. (seated fourth from left) during the signing ceremonies together with the signatories from participating noteholders. Others in photo (seated L to R): Patricia May T. Siy, Executive Vice President, Security Bank Corporation; Jose Pacifico E. Marcelo, Executive Vice President, First Metro Investment Corporation; Alberto S. Villarosa, President and CEO, Security Bank Corporation; Roberto Juanchito T. Dispo, Executive Vice President, First Metro Investment Corporation; Agnes A. Lacson, Senior Vice President and COO, City Savings Bank; and Margarita L. San Juan, Senior Vice President, China Banking Corporation. Standing from L to R: Gerard T. Dee, Vice President China Banking Corporation; Gerald K. Abrogar, Director, SB Capital Investment Corporation; Marie Arabella D. Veron, Treasurer, First Metro Save and Learn Equity Fund, Inc.; Conrado A. Gloria, Jr., Executive Vice President, SB Capital Investment Corporation; Edwin B. Valeroso, President, First Metro Save and Learn Equity Fund, Inc.; Maricar R. Lopez, Assistant Vice President, Security Bank Corporation; and Roberto Martin S. Enrile, Vice President, Security Bank Corporation.


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