Rizal Commercial Banking Corp., the Philippines’ sixth-largest bank by assets, scheduled on Monday a marketing call with fixed-income investors on its plan to issue benchmark-sized USD senior unsecured sustainability notes. The bonds will be drawn under RCBC’s USD4 billion medium-term note program.
The planned bond sale of a minimum USD500 million will support the expansion of RCBC’s Sustainable Finance Framework. The bank will use the proceeds for projects that impact on both the environment and local communities.
RCBC, the banking arm of the Yuchengco Group, has already prepared an offering circular for the bond issuance filed with the Singapore Exchange Securities Trading Ltd. last month.
RCBC has mandated ING Bank NV Singapore Branch, Morgan Stanley & Co. International Plc, and SMBC Nikko Securities (Hong Kong) Ltd. as joint bookrunners for the bond issuance.
