Money

RCBC readies new tranche of retail bonds

Yuchengco-led Rizal Commercial Banking Corp. is returning to the local debt market with a fresh offering of fixed-rate peso bonds within the year.

The final terms will be determined prior to the launch of the issue depending on market and other conditions.

This will mark the bank’s fifth tranche under its P100 billion bond and commercial paper program.

The Yuchengco-led bank had already raised a total of P37.55 billion under the program which started in 2019 as pat of its strategy to diversify its funding base.

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