RCBC Plans to Issue Fixed Rate Peso Bonds

Rizal Commercial Banking Corp. (RCBC) is planning to offer fixed-rate peso-denominated bonds to support its growth and sustainable financing initiatives.

The bank will draw the proposed issuance from its PHP 200 billion bond and commercial paper programme.

The Yuchengco-led lender intends to use the proceeds to bolster asset growth, refinance maturing liabilities, and fund general corporate requirements.

The bank intends to allocate funds toward financing or refinancing new or existing sustainable projects. RCBC emphasised that these projects must fall under the definitions of its Sustainable Finance Framework.

The bank will also soon finalise specific terms of the offering, such as the amount, tenor, and interest rate. Management will determine these details based on prevailing market conditions.

RCBC noted that the timetable for the fundraising tranche will be announced in due course.

This move follows RCBC’s expansion of its bond programme in 2022, where the board approved doubling the capacity from the original PHP 100 billion set in 2019.

To date, the bank has raised approximately PHP 99 billion under this programme.

RCBC last tapped the domestic capital market in July 2025, raising PHP 12.21 billion through ASEAN Sustainability Bonds.

Those notes carried a coupon rate of 6% per annum with a tenor of two years and six months.

In January 2025, the bank also secured USD 350 million via five-year sustainability bonds priced at 5.375%.

Financially, RCBC reported a 32% increase in its nine-month profit, reaching PHP 8.18 billion for the period ending September 2025, driven by improved attributable net income in the third quarter.

Featured image: Edited by Fintech News Philippines based on an image by farknot via Freepik.

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