YUCHENGCO-LED Rizal Commercial Banking Corp. (RCBC) on Tuesday disclosed initial terms for the planned offering of dollar-denominated unsecured sustainability notes due 2030, to be issued on Jan. 28, 2025 via a drawdown from a $4-billion medium-term note program.
The bank set an initial price guidance of 145 basis points above the five-year US Treasury, which was at 4.383 percent as of this writing.