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Rizal Commercial Banking raises US$300M via note offering

Rizal Commercial Banking Corp. raised US$300 million via an offering of senior unsecured fixed-rate notes.

The notes were priced with a coupon of 4.125% per year and have a tenor of five years and one day. They will mature March 16, 2023.

The notes will be issued under the bank's US$2 billion medium-term note program and listed on the Singapore Exchange Securities Trading Ltd.

The bank said the proceeds from the issuance will be used to support and finance medium- to long-term asset growth and other general corporate purposes.

Cathay United Bank, Citigroup, Deutsche Bank, Standard Chartered Bank, UBS and Wells Fargo Securities acted as joint lead managers and joint book runners for the issuance.