RCBC Appoints Credit Suisse Financial Advisor for Issuance of $100M in New Shares

RCBMakati—(PHStocks)—The Board of Directors of Rizal Commercial Banking Corporation (RCBC, PSE: RCB), in its special meeting held on 4 January 2013, approved the appointment of Credit Suisse as Financial Advisor for the issuance of $100 million in new common shares to the International Finance Corporation (IFC) through a private placement exercise, with an option to purchase up to US$15 million of the US$100 million new common shares given to CVC Capital. The disclosure made last 27 September 2012, to the extent inconsistent herewith, is revoked and set aside.

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