Rizal Commercial Banking Corp., the banking arm of the Yuchengco Group, is planning the sale US dollar-denominated bonds to fund lending and other expansion plans.
RCBC didn’t provide financial details of the borrowing plan but noted such will be “subject to market conditions.”
It said the bonds will be issued out of the balance of its $3 billion medium-term notes program.
In the nine months to September, RCBC reported an 88 percent net profit growth to P10.06 billion on the back of higher net interest and other income.
