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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.
Issue:Fixed-rate long-term negotiable certificates of deposit
Amount:PHP 2,502,000,000
Maturity:Feb. 11, 2023
Coupon:3¾%
Settlement date:Aug. 11

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