RIZAL Commercial Banking Corp. (RCBC) on Monday said that it was planning to offer a minimum of P5.0 billion fixed-rate, peso-denominated Asean sustainability bonds with an oversubscription option.
The offering of three-year bonds will mark its ninth drawdown under a P200-billion bond and commercial paper program, the bank said in a statement.
Proceeds will be used to finance or refinance eligible green and social projects in RCBC’s sustainable finance framework, it added.
RCBC said the Securities and Exchange Commission approved its application for an Asean label on Feb. 23, 2026, allowing the planned bond offer to qualify under Asean sustainability bond standards.
Standard Chartered Bank and RCBC Capital Corporation were appointed as joint lead arrangers and bookrunners and will also serve as selling agents.
The public offer period is scheduled to run from March 12 to March 27, 2026, with issuance and listing on the Philippine Dealing and Exchange Corp. targeted on April 8, subject to market conditions and final management determination.
RCBC shares slipped 2.8 percent to close at P24.30 apiece on Monday.