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Published on 7/30/2019 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines’ Rizal gets OK to redeem 5 3/8% tier 2 notes on Sept. 26

By Marisa Wong

Los Angeles, July 30 – Rizal Commercial Banking Corp. obtained approval from the Bangko Sentral ng Pilipinas to redeem its PHP 10 billion 5 3/8% tier 2 capital notes prior to maturity, according to a 17-C filing with the Securities and Exchange Commission.

Rizal plans to exercise its call option on Sept. 26.

The bank is based in Makati City, Philippines.


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