RCBC Offshore Bonds Attract Asian and European Investors | Tyrone Jasper C. Piad – Business Mirror

RCBC Offshore Bonds Attract Asian and European Investors | Tyrone Jasper C. Piad – Business Mirror

Rizal Commercial Banking Corp. (RCBC) saw the backlog for its US dollar bond offering reach up to $ 825 million, with most trades coming from Asia.

In a statement released on Monday, the Yuchengco-led bank said it has released its first additional Tier 1 (AT1) offshore offer. This is a 6.50% “Reg S issue” with an initial amount of $ 300 million.

Investors have seen the growth of the Reg S…

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