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Philippines’ Rizal plans to issue more long-term negotiable CDs
By Marisa Wong
Madison, Wis., Dec. 22 – Rizal Commercial Banking Corp. said it plans to issue additional long-term negotiable certificates of deposit in the next few months.
As previously reported, the bank sold PHP 2.1 billion of 4 1/8% negotiable CDs due June 2020 earlier this month.
The bank is authorized to issue up to PHP 20 billion of long-term negotiable CDs.
Rizal said that the specific timing and amount of the upcoming tranches will depend on market conditions.
The bank is based in Makati City, Philippines.
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