Money

After gov’t, RCBC pursues own dollar bond offer

It’s a good time to be in the market, it seems.

It’s a good time to be in the market, it seems.

Shortly after the Republic of the Philippines revealed its dollar bond offering to global investors, the homegrown Rizal Commercial Banking Corporation (RCBC) also revealed their plans to tap the foreign financial markets.

The Yuchengco-owned bank announced that they will offer dollar notes under its $2-billion medium term note program.

Investor calls are scheduled on Jan. 8, which comes a day after the government’s dollar bonds launch for 2019.

Citigroup, Standard Chartered Bank, and UBS will serve as joint bookrunners. The notes will be listed at the Singapore Exchange.

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