tower PDS Group
Home | Careers | Contact Us
search

THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

Menusample

Skip to content
  • About PDS Group
    • Company Overview
      • About PDS Group
      • Philippine Dealing & Exchange Corp.
      • Philippine Depository & Trust Corp.
      • Philippine Securities Settlement Corp.
      • PDS Academy for Market Development Corp.
    • Vision
    • Mission
    • Market Symbols
      • The Tower
      • The Ceremonial Bell
    • Organization
      • Governance Philosophy and Architecture
      • Corporate Governance
      • Market Governance
    • Leadership
      • Board of Directors
      • Board of Governors
      • Board of Trustees
      • Internal Officers
    • Shareholder Structure
    • Milestones
  • Products & Services
    • Trading
      • PDS Fixed Income
      • PDS Repo
      • PDS SecLend
    • Listing and Enrollment
      • Securities Admission Program
      • Listing Qualifications
      • Continuing Obligations
      • Issuer List
      • Issuer Disclosures
      • Listed Securities
    • Data
    • Securities Services
      • Depository
      • Registry
      • Sub-Registry
      • Value Management
    • Clearing & Settlement
    • Payment and Transfer
  • Market Data
    • Government Securities
      • Active Securities
        PHP-Denominated
      • Fixed Income Board Summary (PhP Denominated)
      • Time and Sales
        PHP-Denominated
      • Fixed Income Board Summary (Foreign Currency Denominated)
      • Time and Sales
        Foreign Currency-Denominated
      • PDST Rates – Benchmark Tenors
      • PDST-F
      • PDST Rates – Government Securities
      • PHP BVAL Reference Rates – Benchmark Tenors
      • PHP BVAL Rates Government Securities
      • BAP-MART GS Repo Trade Summary
      • BAP-MART GS Repo Time and Sales
    • Corporate Securities
      • Time and Sales
        PHP-Denominated
      • Corporate Securities Board Summary
        PHP-Denominated
    • BSP Securities
      • Time and Sales PHP-Denominated
      • BSP Securities Board Summary PHP-Denominated
      • BSP BVAL – BSP Securities
    • Foreign Exchange Summary
    • Depository
      • Depository – Safekeeping
      • Depository – Name on Central Depository
    • Registry
      • Registry – Recordkeeping
    • Payment and Transfer
      • Payment and Transfer – Currency Transfer Services
      • Payment and Transfer – Payment versus Payment
    • Downloadable Data
      • Fixed Income Reports
      • Repo Reports
      • BAP-MART GS Repo
      • SecLend Reports
      • BSP Securities
        • BSP Securities Board Summary
        • BSP BVAL – BSP Securities
      • Foreign Exchange Reports
      • PDST Guidelines
  • Regulation
    • Market Governance Structure
    • Rules
      • PDEx Rules
      • PDTC Rules
    • Trading Conventions
      • Approved Trading Conventions
      • Trading Conventions for Comments
      • Trading Conventions Submitted for SEC Action
    • Pricing Convention
      • Approved Pricing Conventions
    • Policy Guidance
    • PDEx Guidelines
      • Approved Guidelines
      • Guidelines for Comments
      • Guidelines Submitted for SEC Action
      • Frequently Asked Questions
    • PDTC Guidelines
      • Fixed Income
      • Equities
    • Continuing Education
    • Guidelines in Filing a Complaint
  • Market Community
    • Fixed Income Dealer Members
      • Benefits
      • Apply
    • Fixed Income Broker Members
    • REPO Market Program Members
    • Securities Lending Program Members
      • Benefits
      • Apply
    • Cash Settlement Banks
    • Registry Clients
      • Benefits
      • Apply
    • Depository Participants
    • RTS Participants
  • PDS Academy
  • Press Room
    • News Releases
    • Announcements
    • Publications
      • Annual Report
      • Brochure
      • Fact Sheet
      • FAQ
      • Top Performers
      • Schedule of Settlement Breaks
      • BVAL Methodology
    • Forms
      • Regulatory
      • Registry
      • Depository
      • Membership
  • Regional Links

Quicklinks


  • Trading Hours
  • Issuer List
  • Issuer Disclosures
  • Listed Securities
  • Recent Headlines
  • Announcements
  • Downloadable Data
  • BAP-MART GS REPO

Home » Listing Ceremonies » RCBC Lists PhP 2.502 Billion LTNCTD Due 2023 in PDEx

RCBC Lists PhP 2.502 Billion LTNCTD Due 2023 in PDEx

Posted on: August 11, 2017

RCBC Photo Release

11 August 2017, Makati Philippines – Rizal Commercial Banking Corporation (RCBC) returned to the local debt market a ninth time to list its PhP 2.502 Billion Long-Term Negotiable Certificates of Time Deposit (LTNCTD) due 2023 on the Philippine Dealing & Exchange Corp. (PDEx) platform. The newly listed RCBC LTNCTD carry an interest rate of 3.750% per annum payable quarterly. The purpose of the issuance of the RCBC LTNCD is to expand the Bank’s long-term deposit base and support long-term asset growth and other general funding purposes.

RCBC’s Senior Executive Vice President and Head of Financial Advisory and Markets Group (Treasury Group and Wealth Management Group) Chester (Chet) Luy led the ringing of the bell to herald the listing and start of trading of the RCBC LTNCTD due 2023 on the PDEx platform. He said, “This LTNCD issuance is consistent with our strategy of opportunistically accessing the capital markets with low cost of funding being our primary objective.  Moving forward, we will continue to explore LTNCDs and alternative low cost funding options.  RCBC has one of the most diversified sources of funding among its peers, having accessed the USD loan syndications market, the USD senior unsecured bond and hybrid Tier 1 notes market as well as the Tier 2 notes market in addition to the LTNCD market of which RCBC is a pioneer, being the second bank to be listed as an issuer since the public market opened in 2008. We are grateful to our depositors and clients for showing their support by subscribing to our LTNCD issue, recognizing RCBC’s bright future and growth prospects moving forward.”

PDS Group President and CEO Cesar Crisol remarked: “For the year, RCBC is the seventh bank to tap the local debt market and with more bank-issued instruments being listed for public trading, we hope to see the continued development of bank depositors’ mindsets, evolving from short-term savers to longer-term investors, cognizant of a variety of investment alternatives, supported by price information to reasonably assess and make such investment commitments.”

The event was attended by RCBC Officers led by Senior Executive Vice President and Head of Financial Advisory and Markets Group (Treasury Group and Wealth Management Group) Chester (Chet) Luy and the Issue Participants including The Hongkong & Shanghai Banking Corporation President and CEO Jose Arnulfo Veloso and Multinational Investment Bancorporation President Marilou Cristobal.

With this 22nd listing for 2017, RCBC’s total listed level on PDEx stands at PhP 9.602 Billion, and the year-to-date total of new listings is up to PhP 142.71 Billion, a 154% increase from the same period last year. The cumulative level of tradable corporate debt instruments in PDEx now stands at P743.42 billion comprised of 46 companies with 127 securities. #

Press Release – RCBC LTNCTDs due 2023 FINAL

Print
  • Link Policy
  • Terms of Use
  • Related Links
  • Sitemap
  • Glossary
All Rights Reserved. Copyright (c) 2022 PDS Group
BEST VIEWED ON MICROSOFT EDGE, OR LATEST VERSION OF GOOGLE CHROME AND MOZILLA FIREFOX