BDO Unibank Inc. successfully raised P115 billion for its fourth Peso-denominated Asean Sustainability Bond issue, 23 times oversubscribed against the original offer of P5 billion.
The public offer period was set to run for two weeks, from July 9 to 22, 2025.
The issuance saw robust participation from both retail and institutional investors, which prompted the early close of the offer period on July 14, 2025, after only four days.
The bank’s latest Asean Sustainability Bond has a tenor of one-and-a-half (1.5) years and a coupon rate of 5.875 percent per annum. The issue, settlement, and listing date is on July 29, 2025.
The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework, support the bank’s lending activities, and diversify the bank’s funding sources.
ING Bank N.V., Manila Branch (ING) was the Sole Arranger and Sustainability Coordinator, with BDO Unibank Inc. and ING as Selling Agents, and BDO Capital & Investment Corporation as Financial Advisor. (PR)