Rizal Commercial Banking Corporation (RCBC) expects to raise at least P3 billion from the issuance of fixed-rate peso-denominated sustainability bonds, the bank said Monday.
The offering marks the eighth drawdown from RCBC’s P200-billion bond and commercial paper program. The proceeds will be used to finance or refinance projects under eligible green and social categories in line with the bank’s Sustainable Finance Framework.
“The bank has applied with the SEC for an ASEAN label to the sustainability Bonds under the ASEAN Sustainability Bond Standards, and while it expects to receive such confirmation, there is no assurance that such confirmation will be obtained,” RCBC said in a statement.
RCBC plans to offer a minimum of P3 billion, with an option to upsize in case of strong demand.
The bonds will have a tenor of two and a half years from the date of issuance.
“The bank continues to raise funding to be allocated for sustainability assets reinforcing its commitment to a greener and more sustainable future,” it said.
Standard Chartered Bank and RCBC Capital Corp. will serve as joint lead arrangers and bookrunners, while the selling agents will be Standard Chartered and RCBC.
The public offer period is set from June 25 to July 9, 2025, with the bonds expected to be listed on the Philippine Dealing and Exchange Corp. on July 17, 2025.
Several banks have been raising funds to help finance sustainability projects.
Bank of the Philippine Islands recently offered 1.5-year sustainability bonds priced at 5.85 percent per annum.
