FOR DETAILS CONTACT:

RICA F. BAELLO
Corporate Communications Head
Tel: +632-888-7650
email: rbaello@securitybank.com



Security Bank Closes Offer Period for Basel III Compliant Tier 2 Notes
For Immediate Press Release. 04 July 2014, Makati, Philippines Security Bank Corporation (Security
Bank or the Bank) announced that it has closed the public offer period for its issuance of Basel III
Compliant Tier 2 Notes (the Notes) on July 3, 2014. The Notes were well-received by the market and
saw strong demand from both institutional and retail investors. This enabled the Bank to raise the
PHP10 billion worth of the Tier 2 Notes.
We take this opportunity to thank once again our customers and investors for their strong support.
Through the Tier 2 Notes, Security Bank continues to create value for our customers by delivering
products vital for this period of economic growth in our country, said Security Bank President and Chief
Executive Officer Mr. Alberto S. Villarosa.
The Notes will have a tenor of 10 years, with the Bank having an option to redeem after five years. The
Notes will bear a coupon rate of 5.375% per annum and interest payments are due on a quarterly basis.
The issue date is on July 11, 2014.
Parties to the transaction include Deutsche Bank, The Hongkong and Shanghai Banking Corporation
Limited, and Standard Chartered Bank as Joint Lead Arrangers and as Selling Agents. Security Bank is a
Limited Selling Agent and Multinational Investment Bancorporation is the Market Maker and a Selling
Agent. The Trust Services Group of the Development Bank of the Philippines is the Public Trustee.
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Security Bank is the 8th largest in total assets among private domestic universal banks in the country
with total assets of PHP 377 billion, 7th largest in loans with loan portfolio of PHP 166 billion, and 8th
largest in capital at PHP 42 billion as of March 31, 2014. The Bank posted 17% year-on-year growth in
net income to PHP 1.43 billion in the first quarter of 2014, with a return on shareholders' equity of
13.8% which is among the highest in the industry, and healthy Basel III capital ratios of 14% Total CAR
and 13.5% Tier 1 CAR.
Security Bank has been a recipient of numerous awards amongst which, in 2013, Security Bank was Best
Managed Bank in the Philippines by The Asian Banker and in 2012, Security Bank was Bank of the Year in
the Philippines by The Banker of London, and the Strongest Bank in the Philippines by The Asian Banker.
The Bank has been operating for 63 years since it was established in 1951.
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