Published on 8/14/2017 in the Prospect News Emerging Markets Daily.
New Issue: Philippines’ Rizal sells PHP 2.5 billion 3¾% 5½-year negotiable CDs
By Marisa Wong
Morgantown, W.Va., Aug. 14 – Rizal Commercial Banking Corp. sold PHP 2,502,000,000 of 3¾% long-term negotiable certificates of deposit due February 2023, according to a Philippines Stock Exchange notice.
The bank is based in Makati City, Philippines.
Issuer: | Rizal Commercial Banking Corp.
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Issue: | Fixed-rate long-term negotiable certificates of deposit
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Amount: | PHP 2,502,000,000
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Maturity: | Feb. 11, 2023
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Coupon: | 3¾%
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Settlement date: | Aug. 11
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