Philippines’ Rizal begins offering of 4.426% three-year bonds

By Marisa Wong

Los Angeles, Oct. 28 – Rizal Commercial Banking Corp. said it plans to issue three-year fixed-rate bonds with a coupon of 4.426%.

The target offering size is a minimum of PHP 3 billion, according to a press release.

Standard Chartered Bank is the arranger and bookrunner for the issuance.

The public offer period began on Oct. 28 and will run until Nov. 6.

This will be the third drawdown off the bank’s PHP 100 billion bond and commercial paper program, according to the release.

The bank is based in Makati City, Philippines.

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