RCBC raises P20.5B via sustainability bond offer

MANILA, Philippines – Rizal Commercial Banking Corp. (RCBC) has raised P20.5 billion from its peso-denominated Association of Southeast Asian Nations sustainability bonds due 2029, marking its largest debt paper issuance to date. In a statement, the Yuchengco-led bank said the Series G bonds, which carry a fixed coupon rate of 6.08 percent per annum, were