THE Rizal Commercial Banking Corp. (RCBC) announced it is preparing a loan facility to finance renewable power plants. In a statement issued last Tuesday, RCBC Trust and Investments Group (TIG) said that it is finalizing with an unnamed partner a P20-billion loan facility for 10 renewable power plants. “As RCBC…
THE Rizal Commercial Banking Corp. announced it is preparing a loan facility to finance renewable power plants.
“As RCBC continues to drive sustainable development and promote clean energy solutions, our collaboration with major renewable energy players reinforces our commitment to supporting the transition towards a greener and more sustainable future,” Robert B. Ramos, the head of RCBC TIG, said. In March 2023, Alter went public and had an Initial Public Offering that raised as much as P1.6 billion. RCBC TIG was the lock-up escrow agent and use-of-proceeds escrow agent for this transaction.
This month, ASA issued the first gender bond of P5 billion to support women entrepreneurs for their microenterprises. RCBC TIG acted as the Notes Facility Agent and Security Trustee for this deal.
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