Capital

Invest in New RCBC Three-Year Fixed-Rate Peso Bonds and Earn 4.42% p.a.

Offering starts October 28.
IMAGE WIKIMEDIA COMMONS
Comments

Rizal Commercial Banking Corporation (RCBC) has announced a three-year fixed rate peso bond offering at an interest rate of 4.426% per annum. 

According to the bank, the issuance will be the third drawdown off of its P100 billion Bond and Commercial Paper (BCP) program. The target size is a minimum of P3 billion.

The public offer starts Monday, October 28, 2019, and will run until Wednesday, November 6, 2019. The bonds will be listed on the Philippine Dealing and Exchange Corporation (PDEx) on November 13, 2019.

Standard Chartered Bank is the sole arranger and bookrunner for the offering.

RCBC first tapped the local bond market with its P15 billion ASEAN Green Bond issuance in February this year and followed that with the P8 billion ASEAN Sustainability Bonds in June 2019.

In July, RCBC’s board of directors approved the increase of the BCP program from the initial P30 billion to P100 billion as part of the bank’s strategic liquidity management.

ADVERTISEMENT - CONTINUE READING BELOW
Comments
View More Articles About:
Recommended Videos
About The Author
Paul John Caña
Associate Editor, Esquire Philippines
View Other Articles From PJ
Comments
Latest Feed
 
Share
 
Share
The sakura trees were gifts from Kochi Prefecture and the Japanese embassy.
 
Share
It's all about that rockstar feel and the attitude that comes with it.
 
Share
 
Share
You've heard of Santa Cruz Island, but it's not the only one.
 
Share
See what’s next, new, and now for men here.
 
Share
Did you also fall for one of these predictions?
 
Share
Tourists escape crater lake minutes before its eruption as seen in this gripping footage.
 
Share
The densely populated NCR is at high risk of spreading polio faster.
Load More Articles
Connect With Us