RCBC: RCBC looks to redeem $300-M Tier 1 notes

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to buy back $300 million in securities qualifying as Tier 1. The bank's board of directors on Monday approved the redemption of the five-year non-cumulative subordinated additional Tier 1 capital securities, which are callable starting Aug. 27, RCBC said in a disclosure to the stock exchange on Wednesday. [...]