Philippines' Rizal Commercial establishes $1 billion euro MTN program

By Marisa Wong

Madison, Wis., Sept. 26 - Rizal Commercial Banking Corp.'s board of directors approved the establishment of an up to $1 billion euro medium-term note program, according to a 17-C filing with the Philippines Securities and Exchange Commission.

Standard Chartered Bank is the lead manager.

The tenor of the program will be five to seven years.

Proceeds will be used for general banking and relending purposes.

The bank is based in Makati City, Philippines.

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