Monday 20 May
RCBC eyes P5B from environmental projects May 15, 2019 @ 20:00

RCBC eyes P5B for environmental projects


Yuchengco-led Rizal Commercial Banking Corp. (RCBC) hopes to raise at least P5 billion from the sale of Peso ASEAN sustainability bonds.

RCBC first quarter earnings up 15%

Proceeds from the offering will be used solely for green projects up for financing.

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It has tapped Dutch bank ING as the arranger of the bond issue

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The bonds will mature in two years and will earn 6.15% annually. The offering will run from May 14 to 28.

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RCBC treasurer and senior executive vice president Horacio Cebrero III said this marks the first issuance of bonds under the Asean Sustainability Bond Standards 2018.

Security Bank hires new exec from RCBC

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