RCBC Sets Coupon and Commences Public Offer for its Series F ASEAN Sustainability Bonds due 2028

​Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, has commenced its public offer for its fixed rate peso-denominated Series F ASEAN Sustainability Bonds due 2028 (the "Bonds"). The Bonds will be drawn from the bank's P200 billion Bond and Commercial Paper Programme.

​The Bonds will be offered with a minimum issue size of P3 billion with an option to upsize. The Bonds will be offered at a fixed interest rate of 6.00% per annum with a tenor of two years and six months (2.5 years) from issue date. The Bonds have a minimum investment amount of P100,000 each and in increments of P10,000 thereafter.
 
The funds to 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 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.
 
The public offer will run from June 25, 205 until July 9, 2025, 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 July 17, 2025.
 
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.

RCBC is a leading financial services provider in the Philippines offering a wide range of banking and financial products and services. RCBC is engaged in all aspects of traditional banking, investment banking, microfinance, retail financing (auto, mortgage and housing loans, and credit cards), remittance. leasing, foreign exchange, and stock brokering. RCBC is a member of the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in South East Asia.

You may also read related article: RCBC to Issue Fixed-Rate Sustainability Bonds Under its P200 Billion Bond and Commercial Paper Programme