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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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