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Prospect News home > News index > List of issuers R > Headlines for Rizal Commercial Banking Corp. > News item
Published on 1/11/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines' Rizal plans to redeem PHP 7 billion 7% lower tier 2 notes

By Marisa Wong

Madison, Wis., Jan. 11 - Rizal Commercial Banking Corp.'s board of directors approved the early redemption of the bank's PHP 7 billion 7% subordinated notes due Feb. 22, 2018, according to a 17-C filing with the Philippines Securities and Exchange Commission.

Rizal plans to redeem the lower tier 2 notes on Feb. 22.

The early redemption is still subject to Bangko Sentral ng Pilipinas approval.

The bank is based in Makati City, Philippines.


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