RCBC sets coupon and commences public offer for its Series G ASEAN Sustainability Bonds due 2029
Rizal Commercial Banking Corporation ("RCBC" or the "Bank"), one of the largest banks in the Philippines, has commenced its public offer for its fixed rate peso-denominated Series G ASEAN Sustainability Bonds due 2029 (the "Bonds"). The Bonds will be drawn from the Bank's PHP200 billion Bond and Commercial Paper Programme.
The Bonds will be offered with a minimum issue size of PHP5 billion with an option to upsize. The Bonds will be offered at a fixed interest rate of 6.08% per annum with a tenor of three (3) years from issue date. The Bonds have a minimum investment amount of PHP100,000 each and in increments of PHP10,000 thereafter.
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. On 23 February 2026, 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.
The public offer will run from March 12, 2026 until March 27, 2026, unless shortened or extended by the Bank in coordination with the Joint Lead Arrangers and Bookrunners and the Selling Agents. It is expected that, subject to market and other conditions, issuance, settlement, and listing of the Bonds on the Philippine Dealing and Exchange Corporation will be on April 8, 2026.
Standard Chartered Bank ("SCB") and RCBC Capital Corporation are the Joint Lead Arrangers and Bookrunners for this transaction. The Selling Agents will be SCB and RCBC.