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Rizal Commercial Banking issues 2.50B pesos of LTNCDs

Rizal Commercial Banking Corp. issued 2.50 billion Philippine pesos of long-term negotiable certificates of deposit, or LTNCDs.

The certificates were issued Aug. 11. The bank said the certificates carry a fixed-rated coupon of 3.75% and will mature Feb. 11, 2023.

As of Aug. 11, US$1 was equivalent to 51.08 Philippine pesos.