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Published on 2/26/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines' Rizal redeems PHP 7 billion 7% lower tier 2 notes

By Marisa Wong

Madison, Wis., Feb. 26 - Rizal Commercial Banking Corp. said it completed the early redemption of its PHP 7 billion of 7% subordinated notes due Feb. 22, 2018.

Rizal first announced plans to redeem the lower tier 2 notes in January.

The bank is based in Makati City, Philippines.


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