RCBC intends to use the proceeds to support asset growth.
RCBC, in a disclosure to the PSE, said it intends to issue at least P5 billion Fixed Rate Bonds lodged under its upsized P200 billion bond and commercial paper program as permitted by the board of directors on 27 June.
RCBC said it plans to use the proceeds to back asset growth and refinance maturing liabilities, and other general funding purposes.
The terms of the bond offering shall be subject to RCBC’s respective requirements and prevailing market conditions.
