Rizal Commercial Banking Corp., the country’s 6th largest lender by assets, said it aims to raise at least P3 billion with its return to the domestic bond market with the planned issuance of fixed-rate, peso-denominated Sustainability Bonds. RCBC reserves the option to upsize the bond offer, which will have a 2.5-year maturity.
The latest bond offer will be RCBC’s eighth drawdown under its PHP200 billion Bond and Commercial Paper Program.
RCBC has applied for confirmation from the Securities and Exchange Commission (SEC) to label the Bonds under the ASEAN Sustainability Bond Standards. Once approved, the offering will qualify as a sustainability bond, reinforcing the bank’s ongoing efforts to align capital raising with environmental and social objectives.
The net proceeds from this issuance will be used to finance or refinance eligible green and social projects consistent with RCBC’s Sustainable Finance Framework. These include initiatives in renewable energy, clean transportation, affordable basic infrastructure, and access to essential services.
The move demonstrates RCBC’s deepening commitment to Environmental, Social, and Governance principles, as it seeks to meet investor appetite for responsible investment options while advancing the Philippines’ broader sustainable development goals.
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