Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) has commenced its public offer for its fixed rate peso-denominated Series G ASEAN Sustainability Bonds due 2029.
The bonds will be drawn from the bank’s P200 billion bond and commercial paper program.
The bonds will be offered with a minimum issue size of P5 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 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 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 February 23, 2026, RCBC 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 to 27, 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 Corp. will be on April 8.
Standard Chartered Bank and RCBC Capital Corp. are the joint lead arrangers and bookrunners for this transaction. The selling agents will be SCB and RCBC.