Published March 12, 2021, 4:57 PM
Rizal Commercial Banking Corporation, one of the largest banks in the Philippines, is raising at least P3 billion from its planned 2.5-year and 5.25-year Fixed-Rate ASEAN Sustainability Peso Bond offering.
In a disclosure to the Philippine Stock Exchange, RCBC said the bonds will be offered with a minimum issue size of P3 billion, with an option to upsize.
The Bonds were priced on March 11, 2021 and will be offered at a fixed interest rate of 3.20 percent per annum for the 2.5-year tenor and 4.18 percent per annum for the 5.25-year tenor.
The funds raised from the Bonds offer will be utilized to support asset growth, re-finance maturing liabilities, other general funding purposes as well as eligible loans defined in the Bank’s Sustainable Finance Framework.
Aflac Incorporated Announces Inaugural Sustainability Bond Issuance
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COLUMBUS, Ga., March 8, 2021 /PRNewswire/ Aflac Incorporated announced today that it has closed its first sustainability bond, further reinforcing the company s longstanding commitment to uphold the core values of our people-first business approach that balances purpose and profit. The company s core values include reinforcing and operating with the utmost respect for our environment and the communities we serve.
The company issued $400 million principal amount of 1.125% senior notes due 2026.
The company intends to allocate an amount at least equivalent to the net proceeds from the offering exclusively to existing or future investments in, or financing of, projects which provide environmental or social benefits, meeting eligibility criteria under the Aflac Incorporated Sustainability Framework within eight categories: renewable energy, energy eff
Mastercard issues $600m sustainability bond to help finance net-zero transition
Mastercard has issued a $600m sustainability bond and is planning to use proceeds to further its alignment with the UN s Sustainable Development Goals (SDGs) and deliver its 2050 net-zero pledge.
Mastercard built on its SDG-aligned sustainability strategy last year with new climate targets
The business said in a statement that the Sustainability Financing Framework that will be used to allocate bond proceeds has been verified externally by Sustainalytics, in line with the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines and Green Loan Principles – all frameworks designed to unify best-practice in this space.
CHARLOTTE, N.C., March 2, 2021 /3BL Media/
– Truist Financial Corporation (NYSE: TFC) demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion in aggregate principal amount. As part of the company’s multitiered environmental, social and governance (ESG) strategy, the net proceeds from the issuance will support new and existing eligible social programs, including investments in affordable housing and enhancements to essential nonprofit services for communities in need.
“We were thrilled by investor reception of our first social bond, particularly in the face of significant market volatility,” said Corporate Treasurer Donna Goodrich. “Our heavily oversubscribed issuance demonstrated investor enthusiasm for this asset class and a desire to further the important work of building our communities, while also affirming confidence in Truist’s credit quality.”