The bank recently obtained a mandate from the central bank to revive the issuance, which was part of a P10-billion fund-raising effort planned by the DBP about two years ago.
DBP did not complete the issuance within the period approved by the central bank, ranking sources in the central bank said.
DBP plans to offer lower tier 2, or subordinated, notes that will mature in 10 years and subject to optional redemption by the issuer after five years.
Proceeds of such debt issues are eligible for computing banks compliance with capital adequacy ratio requirements.
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