tower PDS Group
Home | Careers | Contact Us
search

THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

Menusample

Skip to content
  • About PDS Group
    • Company Overview
      • About PDS Group
      • Philippine Dealing & Exchange Corp.
      • Philippine Depository & Trust Corp.
      • Philippine Securities Settlement Corp.
      • PDS Academy for Market Development Corp.
    • Vision
    • Mission
    • Market Symbols
      • The Tower
      • The Ceremonial Bell
    • Organization
      • Governance Philosophy and Architecture
      • Corporate Governance
      • Market Governance
    • Leadership
      • Board of Directors
      • Board of Governors
      • Board of Trustees
      • Internal Officers
    • Shareholder Structure
    • Milestones
  • Products & Services
    • Trading
      • PDS Fixed Income
      • PDS Repo
      • PDS SecLend
    • Listing and Enrollment
      • Securities Admission Program
      • Listing Qualifications
      • Continuing Obligations
      • Issuer List
      • Issuer Disclosures
      • Listed Securities
    • Data
    • Securities Services
      • Depository
      • Registry
      • Sub-Registry
      • Value Management
    • Clearing & Settlement
    • Payment and Transfer
  • Market Data
    • Government Securities
      • Active Securities
        PHP-Denominated
      • Fixed Income Board Summary (PhP Denominated)
      • Time and Sales
        PHP-Denominated
      • Fixed Income Board Summary (Foreign Currency Denominated)
      • Time and Sales
        Foreign Currency-Denominated
      • PDST Rates – Benchmark Tenors
      • PDST-F
      • PDST Rates – Government Securities
      • PHP BVAL Reference Rates – Benchmark Tenors
      • PHP BVAL Rates Government Securities
      • BAP-MART GS Repo Trade Summary
      • BAP-MART GS Repo Time and Sales
    • Corporate Securities
      • Time and Sales
        PHP-Denominated
      • Corporate Securities Board Summary
        PHP-Denominated
    • BSP Securities
      • Time and Sales PHP-Denominated
      • BSP Securities Board Summary PHP-Denominated
      • BSP BVAL – BSP Securities
    • Foreign Exchange Summary
    • Depository
      • Depository – Safekeeping
      • Depository – Name on Central Depository
    • Registry
      • Registry – Recordkeeping
    • Payment and Transfer
      • Payment and Transfer – Currency Transfer Services
      • Payment and Transfer – Payment versus Payment
    • Downloadable Data
      • Fixed Income Reports
      • Repo Reports
      • BAP-MART GS Repo
      • SecLend Reports
      • BSP Securities
        • BSP Securities Board Summary
        • BSP BVAL – BSP Securities
      • Foreign Exchange Reports
      • PDST Guidelines
  • Regulation
    • Market Governance Structure
    • Rules
      • PDEx Rules
      • PDTC Rules
    • Trading Conventions
      • Approved Trading Conventions
      • Trading Conventions for Comments
      • Trading Conventions Submitted for SEC Action
    • Pricing Convention
      • Approved Pricing Conventions
    • Policy Guidance
    • PDEx Guidelines
      • Approved Guidelines
      • Guidelines for Comments
      • Guidelines Submitted for SEC Action
      • Frequently Asked Questions
    • PDTC Guidelines
      • Fixed Income
      • Equities
    • Continuing Education
    • Guidelines in Filing a Complaint
  • Market Community
    • Fixed Income Dealer Members
      • Benefits
      • Apply
    • Fixed Income Broker Members
    • REPO Market Program Members
    • Securities Lending Program Members
      • Benefits
      • Apply
    • Cash Settlement Banks
    • Registry Clients
      • Benefits
      • Apply
    • Depository Participants
    • RTS Participants
  • PDS Academy
  • Press Room
    • News Releases
    • Announcements
    • Publications
      • Annual Report
      • Brochure
      • Fact Sheet
      • FAQ
      • Top Performers
      • Schedule of Settlement Breaks
      • BVAL Methodology
    • Forms
      • Regulatory
      • Registry
      • Depository
      • Membership
  • Regional Links

Quicklinks


  • Trading Hours
  • Issuer List
  • Issuer Disclosures
  • Listed Securities
  • Recent Headlines
  • Announcements
  • Downloadable Data
  • BAP-MART GS REPO

Home » Listing Ceremonies » RCBC Lists PHP 17.87257 Billion ASEAN Sustainability Bonds on PDEx

RCBC Lists PHP 17.87257 Billion ASEAN Sustainability Bonds on PDEx

Posted on: March 31, 2021

2

1

31 March 2021, Makati, Philippines — Rizal Commercial Banking Corporation (RCBC) returns to the local debt market today with the listing of its PHP 17.87257 Billion 2.5 years and 5.25 years Series C and D ASEAN Sustainability Bonds at 3.20% and 4.18% per annum, to be paid quarterly in arrears.

RCBC was the first to issue and list the first peso-denominated ASEAN Sustainability Bond issued in the Philippines in compliance with the SEC’s guidelines and the ASEAN Sustainability Bond Standard last June 2019. They were likewise awarded for this through a Special Citation for the PDS Annual Awards the following year.

PDEx President and CEO Antonino A. Nakpil commended RCBC for their efforts in his message and said: “The key insight driving us to be energetic evangelists of ESG principles, is that we pursue this not for immediate economic gain, but because it is the right thing to do and the benefits from GSS compliant financing are for the next generations.”

Meanwhile, RCBC President and CEO Eugene S. Acevedo remarked: “Despite the challenging market environment, our issuance had robust momentum, enabling us to raise an aggregate amount of 17.87257 Billion pesos. The overwhelming demand we received allowed us to reach our target on the first day of the offer and we closed the books at 5.9 times more than our initial announced minimum size of 3 Billion,” as he expressed his gratitude towards the success of the issuance.

Standard Chartered Bank CEO Lynette V. Ortiz also congratulated RCBC for this sustainability listing. “Despite the challenges with the volatility and quarantine measures, we are pleased to have helped deliver a very successful transaction. More than ever, it is crucial that we ensure sustainable and economic development to our business, operations, and communities,” said Ms. Ortiz.

This 5th listing for 2021 brings the year-to-date total of new listings to PHP 59.24 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.45 Trillion issued by 53 companies, comprised of 204 securities.

PDEx Press Release_RCBC ASEAN Sustainability Bonds

Print
  • Link Policy
  • Terms of Use
  • Related Links
  • Sitemap
  • Glossary
All Rights Reserved. Copyright (c) 2022 PDS Group
BEST VIEWED ON MICROSOFT EDGE, OR LATEST VERSION OF GOOGLE CHROME AND MOZILLA FIREFOX