The three-year bonds form part of RCBC’s P200-billion bond and commercial paper program and will be the bank’s ninth issuance under the facility.
Standard Chartered Bank and RCBC Capital will arrange and sell the offer, which is scheduled to run from March 12-27.
The bonds are targeted for issuance and listing on the Philippine Dealing and Exchange Corp. on April 8, subject to market conditions.
Proceeds will finance or refinance loans tied to environmental and social initiatives under the lender’s sustainable finance framework.
The Securities and Exchange Commission granted the bonds an ASEAN sustainability label on Feb. 23, qualifying them under regional green bond standards.
—Edited by Miguel R. Camus
