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Prospect News home > News index > List of issuers R > Headlines for Rizal Commercial Banking Corp. > News item
Published on 5/30/2006 in the Prospect News Emerging Markets Daily.

Philippines' Rizal to sell $100 million in perpetual notes

By Reshmi Basu

New York, May 30 - Rizal Commercial Banking Corp. said it plans to sell $100 million of perpetual subordinated notes.

Part of the deal will be structured as hybrid tier 1 notes amounting to at least $28 million. The balance will be structured as tier 2 capital, according to a company statement.

Makati City, Philippines-based Rizal is a private domestic commercial bank.


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