trending Market Intelligence /marketintelligence/en/news-insights/trending/gpZkZohRbBO6mcEG8ll3AA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Rizal Commercial Banking to issue 15B pesos of green bonds

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Rizal Commercial Banking to issue 15B pesos of green bonds

Rizal Commercial Banking Corp. plans issue 15 billion Philippine pesos of ASEAN green bonds.

The 1.5-year green bonds were priced with a coupon of 6.7315%, according to a Jan. 18 stock exchange filing.

The offering marks the first issuance of peso-denominated ASEAN green bonds.

The proceeds from the issuance will be used to finance and refinance the bank's loans to customers, as well as for the lender's initiatives in the green space.

The public offer period starts Jan. 21 until Jan. 25. The bonds will be listed on PDEx on or around Feb. 1.

Hongkong and Shanghai Banking Corp. and ING Bank's Manila branch are arrangers for the issuance.

As of Jan. 17, US$1 was equivalent to 52.53 Philippine pesos.