RIZAL Commercial Banking Corp. (RCBC) on Thursday commenced the public offer of its fixed-rate, peso-denominated Series G Asean Sustainability Bonds due 2029, to be drawn from a P200-billion bond and commercial paper program.
In a disclosure, the bank said the offer would have a minimum issue size of P5 billion with an option to upsize.
The bonds carry a fixed interest rate of 6.08 percent per annum, with a minimum investment of P100,000 and in increments of P10,000 thereafter.
The offer period runs until March 27, 2026, unless shortened or extended by the bank in coordination with its joint lead arrangers and bookrunners, the disclosure read.
Issuance, settlement and listing of the bonds on the Philippine Dealing and Exchange Corp. were set for April 8, 2026.
Proceeds from the bond issue will be used to finance or refinance eligible green and social projects in line with RCBC’s Sustainable Finance Framework.
The Securities and Exchange Commission last month confirmed that the bonds complied with Asean Sustainability Bond Standards and qualified as an Asean Sustainability Bond issuance.
Standard Chartered Bank and RCBC Capital Corporation are serving as joint lead arrangers and bookrunners as well as selling agents for the offering.
RCBC shares rose P0.20, or 0.84 percent, to close at P24.10 each on Thursday amid a 0.73-percent drop for the benchmark Philippine Stock Exchange index.
