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Sep 11, 2018 @ 11:35

Any takers? RCBC floats fresh 5-year notes

 

This bank is raising as much as P20 billion over the next 12 months.

The Rizal Commercial Banking Corporation (RCBC) has started the offer period for the first tranche of Long-Term Negotiable Certificates of Time Deposit (LTNCDs).

In a disclosure, the Yuchengco-owned bank told the local bourse that the notes will be listed by Sept. 28, 2018. The papers will have a tenor of 5.5 years and are due 2024. This will be part of the P20 billion LTNCD limit approved by the central bank.

The Hongkong and Shanghai Banking Corporation Limited is the Sole Lead Manager and Selling Agent for the transaction. The notes may also be availed via the Multinational Investment Bancorporation, RCBC and RCBC Savings Bank.

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