Rizal Commercial Banking Corp. (RCBC), chaired by bilyonaryo Helen Yuchengco Dee, raised ₱12.2 billion from its latest peso-denominated sustainability bond sale, more than quadrupling its minimum target amid strong investor demand.
The fixed-rate Series F ASEAN Sustainability Bonds, due 2028, were listed Thursday on the Philippine Dealing & Exchange Corp. The notes carry a coupon of 6% per annum and are part of RCBC’s ₱200 billion bond and commercial paper program.
The offering drew an order book over four times its base size of ₱3 billion, allowing the Yuchengco-led lender to close the offer ahead of schedule on July 9.
Proceeds will be used to finance or refinance projects under the bank’s Sustainable Finance Framework, including eligible green and social initiatives, RCBC said in a statement.
This marks the bank’s eighth domestic bond issuance since 2019, bringing total capital raised from the local debt market to ₱99.01 billion. The transaction adds to RCBC’s record year in sustainable financing, following back-to-back dollar and peso sustainability bond issuances totaling nearly ₱32 billion in 2025.
RCBC remains the only Philippine bank to complete consecutive sustainability bond deals in both currencies this year, underscoring what it called an “unwavering commitment to supporting clients’ sustainable endeavours and advancing the country’s sustainability goals.”
Standard Chartered Bank and RCBC Capital Corp. acted as joint lead arrangers and bookrunners, while SCB and RCBC served as selling agents.
Source: https://bilyonaryo.com/
