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Rizal Commercial Banking exercises call option on 10B pesos of Tier 2 notes

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Rizal Commercial Banking exercises call option on 10B pesos of Tier 2 notes

Rizal Commercial Banking Corp. exercised its call option on 10 billion Philippine pesos of Basel III Tier 2 capital notes.

The notes carried a coupon rate of 5.375% and are due in 2024, according to an Oct. 1 stock exchange filing.

As of Oct. 1, US$1 was equivalent to 52.04 Philippine pesos.