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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.

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