Robinsons Bank Raises Second Tranche of PHP 5 Billion bonds on PDExPosted on: November 14, 2019
14 November 2019, Makati, Philippines — In the second tranche of its PHP 10 billion corporate bonds program, Robinsons Bank Corporation (RBANK) raised another PHP 5 billion fixed rate bonds due 2021 on the Philippine Dealing & Exchange Corp. (PDEx).
“Fresh from its bond market debut three months ago, we are glad to see Robinsons Bank again today on its PHP 5 billion Fixed Rate Bonds Due 2021. Like the first tranche, this second tranche follows the same pattern, and was oversubscribed from the originally planned issue size of PHP 2.5 billion,” said PDEx President & COO Antonino A. Nakpil.
For his part, RBANK President Elfren Sarte remarked: “On the second tranche of the Bank’s bond issuance, we are deeply honored by the trust and confidence of the investing public that made this bond issuance 4.3x oversubscribed.”
With quarterly coupons at 4.30% per annum, this 35th listing for 2019 increases the total volume of new listings to PHP 346.54 Billion, and brings the year-to-date total of outstanding listed bonds to PHP 1.3 Trillion.