Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has raised $300 million from the sale of five-year debt notes which were priced to yield 4.125 percent per annum. “The order book was strongly supported by a broad case of accounts, including asset managers, insurance companies, sovereign wealth funds, banks and private wealth managers,” RCBC told the Philippine Stock Exchange on Friday. The notes were in denominations of $200,000 and increments of $1,000 thereafter. RCBC will list the notes on the Singapore Exchange Securities Trading Ltd., similar to its two outstanding US dollar-denominated bonds. Cathay United Bank, Citigroup, Deutsche Bank, Standard Chartered Bank, UBS and Wells Fargo Securities acted as joint lead managers and joint bookrunners.

Source: Philippine Daily Inquirer March 09, 2018 03:11 UTC