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RCBC expands dollar bond program to $4 B
The Philippine Star
|November 03, 2024
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has increased the size of its medium-term note (MTN) program to $4 billion from $3 billion previously in a strategic move to enhance its capital-raising capabilities.
In a disclosure to the Philippine Stock Exchange, RCBC said that along with the increase in its MTN program, it has appointed SMBC Nikko Securities (Hong Kong) Ltd. as the program arranger.
RCBC also announced its intention to issue foreign currency-denominated bonds out of the enhanced MTN program.
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