RCBC Looks to Raise at Least P3 Billion From Sustainability Bond Offer - BusinessWorld Online

RCBC looks to raise at least P3 billion from sustainability bond offer - BusinessWorld Online

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to raise at least P3 billion from an offering of peso-denominated sustainability bonds this month, marking its return to the domestic debt market after over three years. The listed bank will offer fixed-rate sustainability bonds with a tenor of two years and six months, it said in a disclosure to the stock exchange. “The bank plans to offer a minimum of P3 billion, with the option to upsize,” RCBC…

RCBC to raise P3B from bond market

In a stock exchange filing on Monday, the Yuchengco-led bank said it had an option to upsize the offer, which would have a tenor of two years and six months. This represents RCBC’s eighth drawdown from its P200-billion bond and commercial paper program. READ: RCBC raising $4B from fresh bond foray “The funds to be

RCBC to issue Fixed-Rate Sustainability Bonds under its PHP 200 Billion Bond and Commercial Paper Programme

RIZAL Commercial Banking Corporation (“RCBC” or the “Bank”) returns to the domestic bond markets with its planned offer of fixed-rate peso-denominated Sustainability Bonds (the “Bonds”), which will be its eighth drawdown from its PHP200 billion Bond and Commercial Paper Program (the “Programme”). The Bonds are intended to be issued as sustainability bonds under the ASEAN Sustainability Bond Standards, subject to confirmation from the Securities …