Rizal Commercial Banking Corp. (RCBC) is considering a potential offering of fixed-rate peso-denominated bonds under its P200-billion bond and commercial paper program, the Yuchengco-led lender said Thursday.
The bank said in a regulatory filing it would use the proceeds from the planned issuance to support asset growth, refinance maturing liabilities and fund general corporate requirements. Part of the capital may also be allocated to finance or refinance new or existing sustainable projects under the bank’s Sustainable Finance Framework.
Under the program, RCBC may offer the remaining balance of unissued unsecured and unsubordinated peso-denominated bonds in one or more tranches.
The bank said the form, amount, tenor, interest rate and other terms of each issuance would be determined at a later date, depending on management approval and market conditions.
RCBC last tapped the domestic debt market in July 2025, raising P12.2 billion from an ASEAN sustainability bond issuance. Since the program launched in 2019, the bank has raised about P99 billion from the local capital markets.
The lender will be the third Philippine bank to tap the bond market this year. Earlier this week, BDO Unibank Inc. listed P100 billion worth of sustainability bonds, while Bank of the Philippine Islands is offering its SIGLA bonds with a coupon rate of 5.405 percent per annum.
Japanese firm Sumitomo Mitsui Banking Corp. (SMBC) acquired P6.4 billion worth of shares in RCBC in December 2025, increasing its stake to 24.46 percent from 20 percent.
SMBC is one of Japan’s leading financial institutions and is recognized for its leadership in sustainable banking.
RCBC’s share price closed unchanged at P25.70 Thursday.
