Rizal Commercial Banking Corp., the country’s 6tyh largest lender, plans to raise a minimum of P5.0 billion through fixed rate peso denominated ASEAN Sustainability Bonds, with an oversubscription option, marking the ninth drawdown under its P200 billion Bond and Commercial Paper Program. The bonds will carry a tenor of three years from the date of issuance.
Proceeds will be used to finance or refinance, in whole or in part, eligible green and social projects under the Bank’s Sustainable Finance Framework, reinforcing RCBC’s commitment to advancing environmental and social priorities alongside financial returns.
The Securities and Exchange Commission approved on Ferbruary 23 the Bank’s application for an ASEAN label, qualifying the issuance under the ASEAN Sustainability Bond Standards.
Standard Chartered Bank and RCBC Capital Corporation have been mandated as Joint Lead Arrangers and Bookrunners for the transaction. They will also serve as Selling Agents together with RCBC.
The public offer period is expected to run from 12 March 2026 to 27 March 2026, subject to final management determination and market conditions. The bonds are targeted to be issued and listed on the Philippine Dealing and Exchange Corp on April 8.
The Joint Lead Arrangers and Bookrunners and the Selling Agents reserve the right to amend and update the offer terms, periods, and dates as deemed appropriate, with due notice.
