Friday 18 January
Aug 15, 2017 @ 10:52

RCBC lists P2.5B long-term notes


Rizal Commercial Banking Corporation (RCBC) is raising fresh capital through the fixed income market.

The Yuchengco-owned bank has listed P2.502 billion worth of long-term negotiable certificates of deposit under the Philippine Dealing & Exchange Corp. on Friday, Aug. 11.

In a disclosure, RCBC said the notes carry a fixed rate at 3.75%, with the coupons to mature by August 2023. The fundraising exercise is seen to arm the bank with cash to support expansion plans, alongside general purposes.

Investors can start with a minimum placement of P50,000 and increments of P10,000.

Please follow and like us:

Tags: , ,

Related Stories
Representatives of the Bangko Sentral ng Pilipinas (BSP) and 14 banks are set to sign
Investor trust remains strong for this bank.
This bank is raising as much as P20 billion over the next 12 months.
Income from loans are up even if trading gains are down.


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.