By Marisa Wong
Morgantown, W.Va., April 23 – Rizal Commercial Banking Corp. announced it priced $150 million of additional 4 1/8% senior notes due 2023 in a reopening of its $300 million notes (Baa2) issued on March 15.
The latest notes were priced at 98.762 plus accrued interest from March 15 to April 27 for a yield of 4.4084%.
Deutsche Bank and UBS are the joint bookrunners for the reopening.
Both tranches are drawdowns under the company’s $2 billion medium-term note program.
The financial services provider is based in Makati City, Philippines.
| Issuer: | Rizal Commercial Banking Corp.
|
| Issue: | Senior notes, reopening
|
| Amount: | $150 million
|
| Maturity: | March 16, 2023
|
| Bookrunners: | Deutsche Bank and UBS
|
| Coupon: | 4 1/8%
|
| Price: | 98.762 plus accrued interest from March 15 to April 27
|
| Yield: | 4.4084%
|
| Announcement date: | April 20
|
| Settlement date: | April 27
|
| Rating: | Moody’s: Baa2
|
| Distribution: | Regulation S
|
| Total issuance: | $450 million, including $300 million issued on March 15
|
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