Tuesday, November 20, 2018
  • share this

RCBC raises $300M from notes offer

/ 11:16 AM March 09, 2018


Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has raised $300 million from the sale of five-year debt notes which were priced to yield 4.125 percent per annum.

This marks a drawdown from the bank’s $2-billion medium-term note program.


“The order book was strongly supported by a broad case of accounts, including asset managers, insurance companies, sovereign wealth funds, banks and private wealth managers,” RCBC told the Philippine Stock Exchange on Friday.

About 97 percent of the issuance was allocated to investors in the Philippines and Asia.


The notes were in denominations of $200,000 and increments of $1,000 thereafter. They will mature on March 16, 2023.

RCBC will list the notes on the Singapore Exchange Securities Trading Ltd., similar to its two outstanding US dollar-denominated bonds.

Cathay United Bank, Citigroup, Deutsche Bank, Standard Chartered Bank, UBS and Wells Fargo Securities acted as joint lead managers and joint bookrunners.

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: RCB, RCBC, Rizal Commercial Banking Corp. (RCBC)
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.