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Manila Bulletin devider Business devider Banking & Finance devider RCBC returns to domestic debt market with sustainability bond offering

RCBC returns to domestic debt market with sustainability bond offering

Published Jun 9, 2025 10:42 am
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) aims to raise at least ₱3 billion via its return to the domestic bond markets with its planned offer of fixed rate peso-denominated sustainability bonds.
In a disclosure to the Philippine Stock Exchange (PSE), the bank said this will be its eighth drawdown from its ₱200-billion bond and commercial paper program.
The bonds are intended to be issued as sustainability bonds under the Association of Southeast Asian Nations (ASEAN) sustainability bond standards, subject to confirmation from the Securities and Exchange Commission (SEC).
The bank has applied with the SEC for an ASEAN label to the sustainability bonds under the ASEAN sustainability bond standards, and while it expects to receive such confirmation, there is no assurance that such confirmation will be obtained.
The bank plans to offer a minimum of ₱3 billion, with the option to upsize. The bonds will have a tenor of two years and six months (2.5 years) from the date of issuance.
The funds to be raised from the offer will be used to finance or refinance, in whole or in part, the eligible green and social categories as described in the bank's sustainable finance framework.
The bank continues to raise funding to be allocated for sustainability assets reinforcing its commitment to a greener and more sustainable future.
Standard Chartered Bank (SCB) and RCBC Capital Corp. are the joint lead arrangers and bookrunners for this transaction. The Selling Agents will be SCB and RCBC.
The public offer period is slated to run from June 25, 2025, until July 9, 2025, subject to final management determination, market, and other conditions. The bonds are expected to be issued and listed with the Philippine Dealing & Exchange Corp. (PDEx) on July 17, 2025.
RCBC added that the joint lead arrangers and bookrunners and the selling agents reserve the right to update the offer terms, periods and dates prescribed above, as deemed appropriate and with due notice.

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