The peso-denominated Series G ASEAN Sustainability Bonds due 2029 carry a three-year tenor and will be issued from the bank’s P200 billion bond and commercial paper program.
RCBC is starting with a minimum issue size of P5 billion, though the deal may be upsized depending on investor demand.
The bonds will be sold to investors starting March 12 through March 27, with a minimum investment of P100,000 and additional purchases in P10,000 increments.
The bank expects the bonds to be issued and listed on the Philippine Dealing and Exchange Corp. on April 8, with Standard Chartered Bank and RCBC Capital serving as joint lead arrangers and bookrunners.
Proceeds will finance or refinance projects aligned with the bank’s sustainable finance framework, including initiatives classified under green and social categories.
The Securities and Exchange Commission confirmed the bonds comply with ASEAN Sustainability Bond Standards, allowing RCBC to market them as an ASEAN sustainability issuance.
—Edited by Miguel R. Camus
