Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is raising at least P3 billion through the sale of new domestic bonds under the Association of Southeast Asian Nations (Asean) sustainability bond framework.
RCBC is offering Asean bonds with 2.5- and 5.25-year tenors that are priced to yield 3.2 percent and 4.18 percent a year, respectively.
In line with the Asean sustainability bond principle, proceeds will support asset growth, refinancing of maturing liabilities and other general funding purposes as well as eligible loans as defined by RCBC’s sustainable finance framework.
This will mark RCBC’s sixth drawdown from its P100-billion bond and commercial paper program.
The p…
Keep on reading: RCBC offers Asean bonds to raise at least P3B