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Manila Bulletin devider Business devider Banking & Finance devider RCBC's sustainability bond offer exceeds target, raises ₱12 billion

RCBC's sustainability bond offer exceeds target, raises ₱12 billion

Published Jul 17, 2025 11:55 am
RCBC President and CEO Reginaldo Cariaso
RCBC President and CEO Reginaldo Cariaso
Yuchengco-led Rizal Commercial Banking Corporation, one of the largest banks in the Philippines, has successfully raised ₱12.21 billion from the issuance of fixed-rate peso-denominated Series F ASEAN Sustainability Bonds due 2028.
In a disclosure to the Philippine Stock Exchange, the bank stated that the bonds were listed on the Philippine Dealing and Exchange Corporation as of Thursday, July 17. The Bonds carry a coupon of 6.00 percent per annum.
“Strong demand from investors resulted in an order book more than four times its announced minimum issue size of ₱3 billion. The Bank concluded its offering on July 9, 2025,” RCBC said.
It added that “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 Bonds form part of RCBC's ₱200 billion Bond and Commercial Paper Programme. The offering marks the eighth time that the bank has tapped the peso bond market.
It also brings the total amount raised by RCBC from all bond issuances since 2019 to ₱99.01 billion, a record amount demonstrating investors' confidence in the various initiatives RCBC has taken to fuel the Bank's growth.
Last June 10, 2025, the Bank received confirmation from the Securities and Exchange Commission that the Bonds comply with the ASEAN Sustainability Bond Standards and the Guidelines on the Issuance of Sustainability Bonds under the ASEAN Sustainability Bond Standards in the Philippines, and qualify as an ASEAN Sustainability Bond issuance.
Standard Chartered Bank and RCBC Capital Corporation are the Joint Lead Arrangers and Bookrunners for this transaction. The Selling Agents will be SCB and RCBC.

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Rizal Commercial Banking Corporation
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