RCBC mulls over bond sale under P200-B plan
Rizal Commercial Banking Corp. (RCBC) is planning a potential fixed-rate bond offering under its P200-billion Bond and Commercial Paper Program as part of its ongoing funding strategy.
In a disclosure statement on Thursday, the Yuchengco-led bank said it intends to offer peso-denominated bonds. The proceeds are intended to support asset growth, refinance maturing liabilities and fund other general corporate purposes.
The bank said proceeds may also be used to finance or refinance new or existing sustainable projects, consistent with its sustainable finance framework.
RCBC clarified that any issuance under the program will involve unsecured and unsubordinated peso-denominated bonds.
The bank said the form, amount, tenor, number of tranches, interest rate and other terms of any offer will be determined at a later date. These are subject to management approval, market conditions and other relevant factors.
RCBC noted that detailed terms and the timetable for each issuance or tranche will be disclosed at the appropriate time.
The planned offering will fall under RCBC’s existing P200-billion Bond and Commercial Paper Program. This enables the bank to issue and sell bonds from time to time using the remaining balance of the unissued portion of the program.
RCBC last accessed the domestic capital markets in July 2025. Back then, it raised P12.2 billion from the issuance of an Association of Southeast Asian Nations or Asean Sustainability bond.
The offering formed part of the bank’s broader effort to align its funding activities with sustainability objectives.
Since 2019, RCBC has raised approximately P99 billion under the program. This underscored the bank’s continued use of the local bond market as a key funding channel.
RCBC is one of the country’s major lenders and offers a wide range of banking and financial services, including retail and corporate banking, investment banking and microfinance.
The bank is a member of the Yuchengco Group of Companies, one of the Philippines’ long-established conglomerates.
