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× Security Bank sees strong demand for LTNCD offering

Ahead of the further softening of local interest rates, Security Bank Corp. sees a strong retail demand for its fresh offering of high-yielding deposits, an exercise which is expected to generate over P5 billion.


The ongoing offering of long-term negotiable certificates of time deposits (LTNCDs)---which will run until Sept. 4 this year---has an indicative pricing of 3.75 percent to 4 percent…