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RCBC eyes at least P3B from bond offer
Business World Philippines
|June 26, 2025
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to raise at least P3 billion from an offering of 2.5-year sustainability, marking its return to the peso debt market after over three years.
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The bank on Wednesday started the public offer for its fixed-rate peso-denominated Series F ASEAN Sustainability Bonds, it said in a disclosure to the stock exchange.
"The bonds will be offered with a minimum issue size of P3 billion with an option to upsize," RCBC said.
The offer period is set to run until July 9, unless shortened or extended by the bank, depending on market conditions. The bonds are scheduled to be issued, settled, and listed on the Philippine Dealing and Exchange Corp. on July 17.
The notes mark the eighth drawdown from RCBC’s P200-billion bond and commercial paper program, which was doubled in 2022 from the original P100 billion approved by the bank's board of directors in 2019.
Dit verhaal komt uit de June 26, 2025-editie van Business World Philippines.
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