Rizal Commercial Banking Corp. has begun offering peso-denominated fixed-rate Series G ASEAN Sustainability Bonds due 2029, tapping investors as the bank expands funding for green and social projects.
The listed lender said the bonds carry a minimum issue size of P5 billion, with an option to upsize depending on market demand. The three-year securities offer a fixed annual interest rate of 6.08 percent.
The bonds are being issued under RCBC’s P200-billion bond and commercial paper program and are open to investors with a minimum subscription of P100,000, with additional investments in increments of P10,000.
Controlled by the Yuchengco Group, RCBC is the 6th largest bank in the Philippines by assets.
Proceeds from the issuance will be used to finance or refinance projects falling under eligible green and social categories in the bank’s Sustainable Finance Framework. These may include initiatives related to renewable energy, energy efficiency, sustainable water management, healthcare and other projects with environmental or social benefits.
RCBC said the issuance received confirmation from the Securities and Exchange Commission on Feb. 23 that the notes comply with the standards for ASEAN Sustainability Bonds.
ASEAN-labelled sustainability bonds follow regional guidelines designed to channel capital toward projects that deliver measurable environmental and social outcomes. The framework has gained traction among Southeast Asian issuers as investors increasingly seek assets aligned with environmental, social and governance principles.
For RCBC, the offering marks another step in strengthening its sustainable finance portfolio while diversifying its funding sources.
Philippine banks have increasingly turned to sustainability-linked debt instruments in recent years, reflecting both regulatory encouragement and growing investor appetite for ESG-aligned investments.
The latest issuance positions RCBC to expand lending toward projects that support the country’s transition to a more sustainable and inclusive economy.
