General Announcement::BOARD APPROVAL OF REDEMPTION OF AT1 CAPITAL, SUBJECT TO REGULATORY APPROVAL AND TERMS AND CONDITIONS

Issuer & Securities

Issuer/ Manager
RIZAL COMMERCIAL BANKING CORPORATION
Securities
RIZALCOMBKUS$300M6.5%PERCAPSEC - XS2219370660 - ZSXB
RIZALCOMBKUS$350M5.375%N300129 - XS2979686297 - IWEB
RIZALCOMBKUS$400M5.5%N290118 - XS2690996827 - TJIB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Apr-2025 16:50:26
Status
New
Announcement Sub Title
BOARD APPROVAL OF REDEMPTION OF AT1 CAPITAL, SUBJECT TO REGULATORY APPROVAL AND TERMS AND CONDITIONS
Announcement Reference
SG250402OTHR47CM
Submitted By (Co./ Ind. Name)
RIZAL COMMERCIAL BANKING CORPORATION
Designation
Group Secretary
Effective Date and Time of the event
02/04/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Rizal Commercial Banking Corporation (the Bank ), in its regular meeting held on 31 March 2025, approved the redemption of all and not less than all of the Bank s USD 300 Million 6.50% Non-Cumulative Subordinated Additional Tier 1 Capital Securities (the Capital Securities") callable beginning 27 August 2025 pursuant to its exercise of the "Redemption at the option of the Issuer (Issuer Call)."

The redemption of the Capital Securities remains subject to Bangko Sentral ng Pilipinas (the Bangko Sentral ) approval and the terms and conditions of the Capital Securities.

Attachments

31 March 2025 Disclosures BOD Meeting 17C FINAL.pdf
Total size =220K