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Prospect News home > News index > List of issuers R > Headlines for Rizal Commercial Banking Corp. > News item
Published on 3/24/2010 in the Prospect News Emerging Markets Daily.

Philippines' Rizal to sell PHP 5 billion 5.5-year negotiable CDs

By Devika Patel

Knoxville, Tenn., March 24 - Rizal Commercial Banking Corp. of the Philippines said it plans to issue up to PHP 5 billion in long-term negotiable certificates of deposit.

The certificates will be issued in PHP 10,000 increments of PHP 1,000. They mature in 5.5 years, with a coupon yet to be determined.

The Hongkong & Shanghai Banking Corp. Ltd. arranged the offering.

The issuer is based in Makati City, the Philippines.


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