Tuesday 22 May
Powered by Ajaxy
Aug 15, 2017 @ 10:52

RCBC lists P2.5B long-term notes

 

Rizal Commercial Banking Corporation (RCBC) is raising fresh capital through the fixed income market.

The Yuchengco-owned bank has listed P2.502 billion worth of long-term negotiable certificates of deposit under the Philippine Dealing & Exchange Corp. on Friday, Aug. 11.

In a disclosure, RCBC said the notes carry a fixed rate at 3.75%, with the coupons to mature by August 2023. The fundraising exercise is seen to arm the bank with cash to support expansion plans, alongside general purposes.

Investors can start with a minimum placement of P50,000 and increments of P10,000.

Tags: , ,

Related Stories
Bangladesh's central bank will file a lawsuit in New York against a Philippine bank over
Three new hotels will rise in Metro Manila following this new credit line.
It's a little return on investment for the bank's major clients.
It's another way to block potential hackers and scammers.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.