RCBC expands offshore borrowing program to $4B

Rizal Commercial Banking Corp. (RCBC) is set to tap the offshore bond market to raise $4 billion as investors slowly favor fixed-income securities amid falling interest rates. The Yuchengco-led bank on Tuesday said its board of directors had approved to increase the size of its medium-term note program (MTN) from $3 billion originally. Japan-based SMBC
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