“It is an assurance for the investors in the capital markets that the bank will continue to be supportive of business activities despite the current challenges in the environment.”
In a disclosure on Tuesday, the Yuchengco-led lender said the amount was two times more than its initial target size of P3 billion because of strong demand from investors.RCBC Senior Executive Vice President and Treasurer Horacio Cebrero 3rd said this strongly indicated investors’ continued trust and confidence in the bank.
Proceeds from the issuance would go to support the growth of its assets and further strengthen its liability structure. In February 2019, the bank issued the first P15-billion Asean green bonds. These were followed by its P8-billion and P7.5-billion Asean sustainability bond offerings in June and November 2019, respectively.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What’s the science behind prolonged quarantine?MANILA, Philippines — President Rodrigo Duterte extended the Luzon lockdown by two weeks on Tuesday, but the Department of Health (DOH) could not offer a scientific explanation for the
Read more »
DSWD issues SAP checks to LGUs that met requirements for cash aid–IATFMANILA, Philippines— The Department of Social Welfare and Development (DSWD) has issued checks to Metro Manila local government units (LGUs) that have completed the requirements for the social
Read more »
Duterte cancels Davao trip; to stay, work in Manila during Holy WeekMANILA, Philippines— President Rodrigo Duterte has canceled his trip to Davao City and opted to stay in Manila and work during the Holy Week, Malacañang said
Read more »
Coronavirus mass testing for Metro Manila cops pushedAs more and more of his men contract COVID-19, Metro Manila’s highest-ranking police official said he was coordinating with hospitals to accommodate police officers for mass testing. | dexcabalzaINQ
Read more »
Iza Calzado grateful to be alive – The Manila TimesABS-CBN actress Iza Calzado opened up for the first time on social media after beating the coronavirus disease (Covid-19). On Monday, Calzado thanked the public for the support and prayers that poured in after her manager, Noel Ferrer, confirmed on ...
Read more »