RCBC’s Additional Tier 1 (AT1) securities issuance named Deal of the Year at PH debt market | BMPlus

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

The Asian Legal Business (ALB) awarded the AT1 securities offering of Rizal Commercial Banking Corporation (RCBC) as the Debt Market Deal of the Year (Midsize).

The Asian Legal Business awarded the AT1 securities offering of Rizal Commercial Banking Corporation as the Debt Market Deal of the Year . This recognition was given during the ALB’s 6th Annual Philippine Law Awards last November 19, 2021.

The successful AT1 securities offering reopened the US Dollar AT1 bond market of Southeast Asia, following an issuance by another company that took place seven months prior to RCBC’s issuance. “It also helped us comply and maintain sufficient buffers above the minimum capital thresholds required by the Bangko Sentral ng Pilipinas at the height of the pandemic last year,” Deveras added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in US

United States United States Latest News, United States United States Headlines