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Rizal Bank to sell $300M dollar bonds

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TWITTER_@ASKRCBC

RIZAL Commercial Banking Corp. (RCBC) is returning to the US dollar bond market by selling $300 million of five-year unsecured bonds amid strong demand from investors overseas, it said in a statement on Friday.

Proceeds of the borrowing will support the bank’s loan portfolio and green projects, it said.

The five-year debt notes, which will be issued on Sept. 11, is a drawdown from its $2-billion medium-term note program. The notes have a coupon rate of 3% a year at 99.751 — Beatrice M. Laforga

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