rcbc-goes-on-the-road-to-raise-150-million

RCBC goes on the road to raise $150 million

The Philippine bank hopes to lure investors with a new star CEO and a consumer growth story.

By Steven Irvine

March 05, 2007

It wasnÆt the most auspicious day to kick off a roadshow in Hong Kong, with the market seeing its worst single day fall since the September 11 terrorist attack û a bloodbath that saw a 777 point decline in the Hang Seng index.

However, Rizal Commercial Bank CorpÆs RCBC two-week roadshow kicked off in the SAR today and will try to get its investment story heard in Singapore and London this week, before hitting New York, San Francisco and Boston next week, and then pricing on March 15.

The Philippines fifth biggest bank by assets û which is controlled by the Yuchengco family and is 45 years old û is the latest stock to participate...

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