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AGRIBANK raises P400 Million from Corporate Notes

AGRIBANK signed and concluded the Notes Facility Agreement with three (3) banking institutions, namely United Coconut Planters Bank, Maybank Philippines, Inc. and China Bank Savings for the P400 Million, a 5-Year Fixed Rate Corporate Notes for its expansion program. Proceeds of the notes issuance shall be used mainly by AGRIBANK to further expand its lending activities and to support other general corporate funding programs. With the assistance of Investment & Capital Corporation of the Philippines (ICCP) the Issue Manager and Arranger, the agreement with the said financial institutions was forged last February 3, 2015 at the Tower Club in Makati City.

With the proven track record of AGRIBANK in countryside lending for over 35 years, confidence of the market to the Bank's ability to expand its present loans portfolio is strong and straightforward. Its prudent management, stringent credit policies and the complement of experienced and professional team of bankers made it easier for the Bank to succesfully pursue the issuance of Corporate Notes. As of year-end 2013, the Bank landed at the 9th slot of the Rural Banks in the country and with the continued exceptional performance of the Bank, AGRIBANK is expected to be one of the top 5 rural lending institutions serving the countryside.