WHOLESALE BANKING | Staff Reporter, Philippines

RCBC's PHP10b Tier 2 issuance gets a nod

To be offered in next few weks.

According to Maybank Kim Eng, Rizal Commercial Banking Corp yesterday disclosed it has received the approval of the central bank to issue up to PHP10b worth of Basel III-compliant Tier 2 notes. RCB plans to offer the notes in the coming weeks, while other details have yet to be set. This could boost capital adequacy ratio by 3pps to an estimated 16%.

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