RCBC back in bond market, seeks to raise P3B

The Rizal Commercial Banking Corp. (RCBC) has returned to the local bond market with a fresh retail offering of three-year bonds with yields of 4.426 percent per annum.

RCBC plans to raise at least P3 billion from the bond offer, which started on Monday, Oct. 28, and will run until Nov. 6, the bank disclosed to the Philippine Stock Exchange.

The bonds will be listed on the local fixed-income platform Philippine Dealing and Exchange Corp. on Nov. 13.

This will be the third drawdown from RCBC’s P100 billion bond and commercial paper program./TSB