Rizal Commercial Banking Corp. said Tuesday its board approved the increase in the size of its medium term note program to $4 billion from $3 billion and its return to the international debt market.- Advertisement -
RCBC, the banking unit of the Yuchengco Group., raised $400 million in January from the sale of debt papers. The five-year senior unsecured sustainability notes were offered with a coupon rate of 5.5 percent per annum. RCBC also tied up with Fastpay Global Payments in Taiwan, allowing OFWs to send money directly to their RCBC Telemoney Savings Accounts. The initiative is part of a broader strategy to capture the growing remittance market in Taiwan.