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UnionBank to redeem P7.2-B notes

Listed Union Bank of the Philippines Inc. (UnionBank) will redeem P7.2-billion well worth of debt notes it issued 5 years in the past. In a disclosure on Monday, the lender said it secured the Bangko Sentral ng Pilipinas’ approval on the call option to tier 2 unsecured subordinated notes on December 19 closing yr. UnionBank…

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