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Philippines' Rizal Commercial Banking plans dollar-denominated notes
By Christine Van Dusen
Atlanta, Jan. 17 - Philippines-based Rizal Commercial Banking Corp. is planning a dollar-denominated issue of five-year notes (Ba2//BB-), a market source said.
Standard Chartered Bank is the bookrunner for the Regulation S deal, part of the company's $1 billion euro medium-term note program.
Proceeds will be used for general banking and relending purposes.
Rizal is based in Manila.
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