Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, has successfully listed its fixed-rate peso-denominated Series F ASEAN Sustainability Bonds due 2028 on the Philippine Dealing and Exchange Corporation (PDEx).
The total issuance amounts to PHP 12.21 billion, with the bonds carrying a coupon rate of 6.00% per annum.
The offering garnered strong investor demand, with an order book exceeding four times the announced minimum issue size of PHP 3 billion.
RCBC concluded the offering on July 9, 2025.
Proceeds from the bonds will be allocated to finance or refinance eligible green and social projects under RCBC’s Sustainable Finance Framework.
This issuance is part of RCBC’s PHP 200 billion bond and commercial paper program and marks the eighth time the bank has tapped the peso bond market.
Since 2019, RCBC has raised a total of PHP 99.01 billion through bond issuances, reflecting investor confidence in the bank’s growth initiatives.
RCBC is also the only Philippine bank to have issued back-to-back sustainability bonds in both dollar and peso denominations in 2025, amounting to nearly PHP 32 billion.
This underscores RCBC’s commitment to supporting sustainable development and advancing the Philippines’ sustainability goals.
Standard Chartered Bank and RCBC Capital Corporation acted as joint lead arrangers and bookrunners for the offering, while the selling agents were Standard Chartered Bank and RCBC.
