RCBC Raises P12.21 Billion via Sustainability Bonds - BusinessWorld Online

RCBC raises P12B from 'sustainability bond' sale

MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. has raised P12.21 billion from its latest offering of peso-denominated sustainability bonds. The bonds due 2028 – which carried a coupon rate of 6 percent per annum – were listed on the Philippine Dealing & Exchange Corp. on Thursday, RCBC told the Philippine Stock Exchange. Citing strong demand

RCBC raises P12.21 billion via sustainability bonds - BusinessWorld Online

RIZAL COMMERCIAL Banking Corp. (RCBC) has raised P12.21 billion from its offering of peso-denominated 2.5-year sustainability bonds. “Strong demand from investors resulted in an order book more than four times its announced minimum issue size of P3 billion,” the bank said in a disclosure to the stock exchange on Thursday. “The funds to be raised from the offer will be used to finance or refinance, in whole or in part, the eligible green and soci…