Insider Spotlight
The Yuchengco-led bank said the offer will end on March 17, 2026, ahead of the original March 27 timeline, after drawing “positive and strong demand” from both retail and institutional investors. The offer opened on March 12.
The bonds carry a fixed coupon rate of 6.08 percent per annum and have a tenor of three years. Minimum investment was set at P100,000, with increments of P10,000 thereafter.
The big picture
The early close underscores sustained liquidity in the domestic capital markets and growing interest in sustainability-themed instruments, even as interest rates remain relatively elevated. Philippine banks have increasingly tapped ESG bonds to diversify funding and align with global sustainability standards.
RCBC said it plans to allocate proceeds to finance or refinance eligible green and social projects under its Sustainable Finance Framework. These typically include renewable energy, energy efficiency, climate resilience, and inclusive financing initiatives. This disclosure comes from a company release.
Why it matters
Investor demand for ESG assets continues to outpace supply in Southeast Asia, allowing issuers like RCBC to tighten timelines and secure funding more efficiently. Early closures also help reduce market risk exposure during volatile periods.
What’s next
The bonds are scheduled for listing on the Philippine Dealing and Exchange Corporation on April 8, 2026, providing secondary market liquidity for investors.
Deal structure
Standard Chartered Bank and RCBC Capital Corporation acted as joint lead arrangers and bookrunners, while Standard Chartered Bank and RCBC served as selling agents for the transaction.
The transaction adds to RCBC’s ongoing efforts to expand its sustainable finance portfolio while reinforcing its presence in the local debt capital market. — Princess Daisy C. Ominga | Ed: Corrie S. Narisma
