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                    [ArticleID] => 449105
                    [Title] => US fund manager pulls out of RCBC
                    [Summary] => 
Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
                    [DatePublished] => 2009-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 74445
                    [Title] => Atlas board OKs $20-M bridge loan
                    [Summary] => 
            
                    [DatePublished] => 2008-07-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 384969
                    [Title] => RCBC currency issue gets positive outlook from Fitch
                    [Summary] => 



Fitch Ratings Ltd. has revised its outlook on currency issues by the Rizal Commercial Banking Corp. (RCBC) from stable to positive.


In a statement, RCBC senior vice president and corporate information officer Elbert M. Zosa said "the consummation of RCBC’s plans to raise over P7 billion in fresh capital by mid-2007 through the issuance of 250 million new common stock shares via a public offering should lead to a ratings upgrade."


                    [DatePublished] => 2007-02-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [SectionUrl] => business
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                    [ArticleID] => 377089
                    [Title] => US fund manager wraps up purchase of RCBC stake
                    [Summary] => 



International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the country’s biggest lenders.


In a disclosure to the Philippine Stock Exchange (PSE); RCBC said Spinnaker Global Strategic FundLtd. acquired a 5.48-percent stake while Spinnaker Global Emerging Markets Fund Ltd. bought 8.06 percent of the bank.


RCBC said the Spinnaker Capital Group bought the shares last Dec. 15 to be used for investment purposes.


                    [DatePublished] => 2006-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 374279
                    [Title] => RCBC to raise capital to P1.1B
                    [Summary] => 



Rizal Commercial Banking Corp. (RCBC) is planning to increase its authorized capital by the first quarter next year to P1.1 billion worth of common shares from the present P400 million. The Yuchengco-owned commercial bank recently converted P1 billion worth of preferred shares into common shares.


The preferred shares conversion was programed along with the raising of $100-million non-cumulative step-up callable perpertual (hybrid) securities recognized as Tier 1 capital.


                    [DatePublished] => 2006-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [5] => Array
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                    [ArticleID] => 368128
                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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SPINNAKER CAPITAL GROUP

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                    [ArticleID] => 449105
                    [Title] => US fund manager pulls out of RCBC
                    [Summary] => 
Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
                    [DatePublished] => 2009-03-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 74445
                    [Title] => Atlas board OKs $20-M bridge loan
                    [Summary] => 
            
                    [DatePublished] => 2008-07-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

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                    [ArticleID] => 384969
                    [Title] => RCBC currency issue gets positive outlook from Fitch
                    [Summary] => 



Fitch Ratings Ltd. has revised its outlook on currency issues by the Rizal Commercial Banking Corp. (RCBC) from stable to positive.


In a statement, RCBC senior vice president and corporate information officer Elbert M. Zosa said "the consummation of RCBC’s plans to raise over P7 billion in fresh capital by mid-2007 through the issuance of 250 million new common stock shares via a public offering should lead to a ratings upgrade."


                    [DatePublished] => 2007-02-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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                )

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                    [ArticleID] => 377089
                    [Title] => US fund manager wraps up purchase of RCBC stake
                    [Summary] => 



International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the country’s biggest lenders.


In a disclosure to the Philippine Stock Exchange (PSE); RCBC said Spinnaker Global Strategic FundLtd. acquired a 5.48-percent stake while Spinnaker Global Emerging Markets Fund Ltd. bought 8.06 percent of the bank.


RCBC said the Spinnaker Capital Group bought the shares last Dec. 15 to be used for investment purposes.


                    [DatePublished] => 2006-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 374279
                    [Title] => RCBC to raise capital to P1.1B
                    [Summary] => 



Rizal Commercial Banking Corp. (RCBC) is planning to increase its authorized capital by the first quarter next year to P1.1 billion worth of common shares from the present P400 million. The Yuchengco-owned commercial bank recently converted P1 billion worth of preferred shares into common shares.


The preferred shares conversion was programed along with the raising of $100-million non-cumulative step-up callable perpertual (hybrid) securities recognized as Tier 1 capital.


                    [DatePublished] => 2006-12-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 368128
                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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abtest

US fund manager pulls out of RCBC

By Ted P. Torres | March 18, 2009 - 12:00am

Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.

Business

Atlas board OKs $20-M bridge loan

By Zinnia B. Dela Peña | July 22, 2008 - 12:00am

Business

RCBC currency issue gets positive outlook from Fitch

By Ted P. Torres | February 14, 2007 - 12:00am

Fitch Ratings Ltd. has revised its outlook on currency issues by the Rizal Commercial Banking Corp. (RCBC) from stable to positive. In a statement, RCBC senior vice president and corporate information officer...

Business

US fund manager wraps up purchase of RCBC stake

By Ma. Elisa Osorio  | December 28, 2006 - 12:00am

International fund manager Spinnaker Capital Group has completed the purchase of over 13 percent of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC), making it the new minority partner in one of the...

Business

RCBC to raise capital to P1.1B

By Ted P. Torres | December 10, 2006 - 12:00am

Rizal Commercial Banking Corp. (RCBC) is planning to increase its authorized capital by the first quarter next year to P1.1 billion worth of common shares from the present P400 million. The Yuchengco-owned...

Business

RCBC’s Japanese partner sells 17% stake to US fund

By Ted P. Torres | November 11, 2006 - 12:00am

Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group....

Business