Security Bank Corp is offering at least P5 billion in fixed-rate bonds, with an option to increase the size depending on investor demand. The five-year bonds will carry a fixed interest rate of 6.0000% per annum and will be offered to the public from Sept. 22 to Oct. 17. The bonds will be issued under the bank's P200 billion bond and commercial papers program. Minimum investment has been set at P500,000, with increments of P100,000 pesos thereafter. The bonds are scheduled to be listed on the Philippine Dealing and Exchange Corp on Oct. 29. Proceeds will be used to support the bank's lending operations and diversify its funding sources, Security Bank said in a statement. "We're excited about this peso bond offering as it further strengthens Security Bank's funding base and supports our growth and lending activities," said Jim Yap, the bank's EVP and head of its financial markets segment.