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Rizal Commercial Banking Corporation Returns to PDEx for its Largest Issuance to date

Posted:

April 8, 2026

08 April 2026, Makati, Philippines – Philippine Dealing & Exchange Corp. (PDEx) welcomes Rizal Commercial Banking Corporation (RCBC) for the issuance of another ASEAN Sustainability Bonds amounting to PHP 20.5 billion.

Philippine Dealing and Exchange Corp. (PDEx) President, Stephanie Marie Zulueta in her remarks noted the significant appetite of the investors for RCBC’s latest offer – “It is my pleasure to welcome Rizal Commercial Banking Corporation (RCBC), with its largest issuance to date – its 3-year ASEAN Sustainability Bonds worth PHP 20.5 billion, at 6.08%, which was met with significant investor interest as the issue size increased from its original size of PHP 5 billion.”

Zulueta also highlighted corporate issuers’ interest in listing green and social bonds, comprising most of this year’s total volume – “with just 10 issuances to date, PDEx has already recorded PHP 243.3 billion in total listings, reflecting 53.5% of last year’s total volume of PHP 454.18 billion. Additionally, ESG bonds comprised most of the total volume covering PHP 220.50 billion or 90.6% of listings and enrollments so far.”

Rizal Commercia Banking Corporation’s President and CEO, Reginaldo Anthony Cariaso reiterated in his message the importance of this issuance – “The proceeds from this issuance will be geared towards growing the core business and be strategically deployed to finance or refinance eligible green and social categories, and support general funding requirements, all in alignment with RCBC’s Sustainable Finance Framework. This milestone reinforces our unwavering commitment to ensuring we maintain a strong foundation for future growth and advancing the Philippines’ sustainability goals.”

Cariaso also highlighted the immense support they received from investors on this latest offer – “From an initial target of PHP 5.0 billion, we raised a remarkable PHP 20.5 billion, achieving an oversubscription of nearly 4.1x. This resounding support underscores the strength of RCBC’s vision and the faith our investors place in us.”

This 10th admission for 2026 brings the year-to-date total of new listings and enrollment to PHP 243.259 billion, pushing the total level of tradable corporate debt instruments to PHP 1.4 trillion issued by 44 companies, comprised of 168 securities.