RCBC to raise at least ₱5B from ASEAN Sustainability Bonds

The Rizal Commercial Banking Corp. (RCBC) on Monday announced plans to raise at least P5 billion from its fixed rate peso-denominated ASEAN Sustainability Bonds, marking the ninth drawdown under its P200-billion bond and commercial paper program.

The bonds will have a three-year tenor, with the offer period scheduled to start on March 12, 2026 and end of March 27, 2026 subject to final management determination, market, and other conditions. They will be listed on the Philippine Dealing and Exchange Corp. on April 8, 2026.

“As part of the bank’s commitment to a greener and more sustainable future, the bonds 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,” RCBC said in a regulatory filing.

Standard Chartered Bank and RCBC Capital Corp. will serve as the joint lead arrangers, bookrunners, and selling agents for the issuance.

RCBC in January announced plans to return to the bond market, after it the P12.2-billion ASEAN Sustainability Bond issuance in July 2025. It has so far raised P99 billion under its P200-billion program.

The bank reported an P8.2-billion net income for the first nine months of 2025, reflecting a 32% increase from the previous year on the back of higher lending and fee-based income. — RSJ, GMA Integrated News