RIZAL Commercial Banking Corp. (RCBC) plans to offer fixed-rate peso-denominated Sustainability Bonds, marking its eighth drawdown from a P200 billion bond and commercial paper program.
The bonds are intended to be issued under the Asean Sustainability Bond Standards, pending confirmation from the Securities and Exchange Commission.
RCBC aims to raise a minimum of P3 billion, with an option to upsize the offering.
The bonds will have a tenor of 2.5 years from the date of issuance. Proceeds will be used to finance or refinance eligible green and social categories as outlined in the bank’s sustainable finance framework, reinforcing its commitment to sustainability.
Standard Chartered Bank (SCB) and RCBC Capital Corp. will serve as joint lead arrangers and bookrunners for the transaction, with SCB and RCBC acting as selling agents.
The public offer period is scheduled to commence on June 25, 2025, and run until July 9, subject to final management determination and market conditions.
The bonds are expected to be issued and listed with the Philippine Dealing and Exchange Corp. on July 17. / KOC