(Bloomberg) -- Rizal Commercial Banking Corp., which
has given investors in Philippine banks the second-highest total
return in the past year, said it bought more than $60 million of
collateralized debt obligations to diversify its investments.
Rizal Bank accumulated since April ``single A-rated, managed
CDOs'' that return 50 basis points higher than the nation's
foreign-currency bonds, said Sergio Edeza, the Manila-based
bank's treasurer in a telephone interview today.
Read more at Bloomberg Bonds News
has given investors in Philippine banks the second-highest total
return in the past year, said it bought more than $60 million of
collateralized debt obligations to diversify its investments.
Rizal Bank accumulated since April ``single A-rated, managed
CDOs'' that return 50 basis points higher than the nation's
foreign-currency bonds, said Sergio Edeza, the Manila-based
bank's treasurer in a telephone interview today.
Read more at Bloomberg Bonds News
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