RCBC launches P3-B sustainability bond offer

Rizal Commercial Banking Corporation (RCBC) is aiming to raise at least P3 billion from the public with the launch of its peso-denominated Series F ASEAN Sustainability Bonds, as it reinforces its commitment to supporting environmentally and socially responsible initiatives.

The bonds, which carry a fixed interest rate of 6 percent per annum and a 2.5-year tenor, form part of RCBC’s P200-billion Bond and Commercial Paper Programme. The bank noted that proceeds will be used to finance or refinance eligible projects under its Sustainable Finance Framework.

ASEAN Sustainability Bonds are financial instruments aimed at funding projects with environmental and social benefits, in line with regional standards.

On 10 June 2025, RCBC secured confirmation from the Securities and Exchange Commission (SEC) that the offer complies with the ASEAN Sustainability Bond Standards, allowing the bank to label the issue as an official ASEAN Sustainability Bond.

The public offering runs from 25 June to 9 July 2025, with an option to shorten or extend the period depending on market conditions. Issuance, settlement, and listing on the Philippine Dealing and Exchange Corporation are expected on 17 July 2025.

RCBC Capital Corporation and Standard Chartered Bank are serving as Joint Lead Arrangers and Bookrunners, while the same institutions will also act as Selling Agents.

The bonds require a minimum investment of P100,000, with subsequent investments in P10,000 increments.