THE Land Bank of the Philippines (Landbank) has joined hands with the BDO Capital & Investment Corp. (BDO Capital) in arranging a P5 billion syndicated corporate notes facility with other domestic banks, to support ASA Philippines Foundation Inc.’s (ASA) credit expansion for underserved women.
The state-run bank said the proceeds will be used for ASA’s working capital to reach and empower more women in the country through the provision of accessible financing.
ASA’s five-year corporate notes issuance was classified as the first-ever Gender Bonds in the country, as certified by social bond second-party opinion provider DNV and registered with the Securities and Exchange Commission.
The issuance of the first-of-its-kind bonds was launched on July 5, 2023 in Pasig City. Landbank Investment Banking Group and BDO Capital jointly arranged the syndicated transaction, with RCBC Trust and Investment Group serving as the security trustee and notes facility agent.
Other lenders to the transaction include BDO Unibank Inc., Philippine National Bank, Bank of the Philippines Islands and Security Bank. (PR)