RCBC Intends to Offer Bonds Under its P200 Billion Bond and Commercial Paper Programme

​Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, plans to offer fixed rate peso-denominated bonds under the Bank's updated P200 billion Bond and Commercial Paper Programme. The funds to be raised from any offer will be used to, among others, support asset growth, refinance maturing liabilities and other general funding purposes, and may even include the financing or refinancing of new or existing sustainable projects as defined under, and consistent with the Bank's Sustainable Finance Framework.

Under the Programme, the Bank may, from time to time, offer, issue and sell the remaining balance of unissued unsecured and unsubordinated peso-denominated bonds in such form, amount, tenor, number of tranches, at such interest rate, and under such other terms and conditions as the Bank may subsequently determine or approve.

Terms and timetable regardingeach issuance or each tranche shall be disclosed at the appropriate time and subject to final management determination market and other conditions.

RCBC raised an aggregate of P86.8 billion under the Programme since 2019, with the last offering completed in February 2022 amounting to P14.8 billion.