BDO Unibank Inc. has shortened the offer period for its fourth Peso-denominated Asean Sustainability Bonds issue.
Originally set to run from July 9 to 22, 2025, the bank decided to close the offer period early, on July 14, 2025, following strong demand from both retail and institutional investors.
The bank's latest Asean Sustainability Bonds have a tenor of one-and-a-half (1.5) years and bear a coupon rate of 5.875 percent per annum. The issue, settlement, and listing date will be 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 its funding sources.
ING Bank N.V., Manila Branch 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)