- | $RCB has raised $300 million from the sale of five-year US dollar-denominated debt paper |
- | The notes will be drawn down from the bank’s $2-billion medium-term note program |
- | Issued price at P99.751 with a coupon rate of 3 percent a year |
| Sustainability Bond |
Yuchengco-led Rizal Commercial Banking Corp. (RCB) has raised $300 million from the sale of five-year US dollar-denominated debt paper, raising the curtain for the bank’s “sustainable finance” framework.
The bonds were priced at a spread of 170-175 basis points over the comparative five-year US treasuries, tighter from the guidance of a 195-basis point spread.
September 9, 2019 9:58 am