Rizal Commercial Banking Corp. (RCBC) has launched the public offer for P3 billion worth of Series F ASEAN Sustainability Bonds with a fixed interest rate of 6 percent per annum.
The bonds are due 2028 and may be upsized depending on demand, RCBC said in a disclosure to the stock exchange Wednesday.
The peso-denominated bonds will have a tenor of two years and six months from issue date and are available for a minimum investment of P100,000, with increments of P10,000 thereafter.
The offering is part of RCBC’s P200-billion bond and commercial paper program.
The bank said it would use the proceeds from the fund-raising activity to finance or refinance eligible green and social projects under its Sustainable Finance Framework.
The Securities and Exchange Commission early this month confirmed that the bonds comply with the ASEAN Sustainability Bond Standards and qualify as an ASEAN Sustainability Bond issuance in the Philippines.
The public offer period will run from June 25 to July 9, 2025. The bonds will be issued, settled and listed on the Philippine Dealing & Exchange Corp. on July 17, 2025.
RCBC tapped Standard Chartered Bank and RCBC Capital Corp. as the joint lead arrangers and book runners for the transaction.
RCBC reported a 39-percent year-on-year growth in its consumer loan portfolio in the first quarter of 2025, driven largely by gains in auto and housing loans.
The bank’s auto loan portfolio reached P69 billion as of March 2025, up by P22 billion from a year ago, while housing loans rose to nearly P109 billion.
RCBC consumer lending group head Ramil De Villa attributed the performance to the bank’s continued focus on innovation and data-backed strategies.
“Partnership with leading automotive brands and property developers boosted our new loans growth. Likewise, data science enabled targeted cross-selling to the bank’s existing high net worth and affluent clients,” De Villa said.
RCBC said it expects to maintain its growth momentum on the back of continued solid demand in the auto and housing markets.
“We are tapping into trends like green mobility and regional growth. More Filipinos are seriously considering EVs, not just for savings, but for sustainability. This shift, along with continued infrastructure improvements, is shaping the future of auto financing,” De Villa said.
