In a disclosure to the Philippine Stock Exchange, the Yuchengco-led lender said it will offer a benchmark-sized senior unsecured fixed-rate notes through a drawdown of its $1-billion medium-term note program. The bank has set the tentative date of issuance on January 21.
The debt will have a term of five years and one day, and will be listed on the Singapore Stock Exchange.
Proceeds of the debt issuance will finance operations and general corporate purposes, including the refinancing of $250-million in notes that carry a rate of 6.25 percent and due February 9, 2015.
RCBC tapped Standard Chartered Bank as the sole lead arranger and book runner of the offering.
source: interaksyon.com
