Rizal Commercial Banking Corporation announced that consistent with the company’s goal of lowering overall debt levels and lowering its cost of funding, on January 31, 2017, the bank will pay off its 5.25% 1/31/17 USD 275 million senior unsecured bond fully, without the need for refinancing. Moving forward, the bank will continue to be opportunistic in exploring low cost funding alternatives. The bank has one of the highest net interest margins among the peer banks.