RIZAL Commercial Banking Corp. (RCBC) said Thursday that it was considering a potential peso bond offering under a P200-billion bond and commercial paper program.
In a disclosure, RCBC said it planned to offer fixed-rate, peso-denominated bonds, unsecured and unsubordinated, subject to market conditions and final management approval.
The proceeds will be used to support asset growth, refinance maturing obligations and for general corporate purposes.
The capital raised may also be used to finance or refinance sustainable projects in line with its sustainable finance framework as part of a continued push for sustainability-linked financing, the bank said.
RCBC said it may issue the remaining balance of the unissued bonds in various tranches, with terms such as tenor, amount and interest rates to be determined closer to the offering date.
Details on the timetable and the structure of each issuance will be disclosed at the appropriate time, the bank added.
RCBC last tapped the domestic capital markets in July 2025, when it raised P12.2 billion through an Asean sustainability bond issuance.
Since launching the commercial paper program in 2019, the bank has raised approximately P99 billion from the local debt market.
The planned issuance comes as banks continue to explore funding opportunities amid changing market conditions and growing demand for sustainable finance instruments.
RCBC shares on Thursday held steady at P25.70 each amid a 2.08-percent plunge for the benchmark Philippine Stock Exchange index.
