YUCHENGCO-LED Rizal Commercial Banking Corp. (RCBC) on Tuesday disclosed initial terms for the planned offering of dollar-denominated unsecured sustainability notes due 2030, to be issued on Jan. 28, 2025 via a drawdown from a $4-billion medium-term note program.
YUCHENGCO-LED Rizal Commercial Banking Corp. on Tuesday disclosed initial terms for the planned offering of dollar-denominated unsecured sustainability notes due 2030, to be issued on Jan. 28, 2025 via a drawdown from a $4-billion medium-term note program.The bank set an initial price guidance of 145 basis points above the five-year US Treasury, which was at 4.383 percent as of this writing.'The pricing is expected during European trading hours today ,' it added.
''The net proceeds from the issue of the notes will be applied by RCBC to support and finance and/or refinance RCBC's loans to customers or its own operating activities in eligible green and social categories in RCBC's Sustainable Finance Framework,' it added.Last Monday, the bank held an investors call in relation to the marketing of the proposed offering.RCBC has tapped ING Bank N.V., Singapore Branch, Morgan Stanley & Co.
Sets Initial Terms For Sustainability Notes
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