BDO Unibank, Inc. is set to launch its third issuance of Peso-denominated Fixed-Rate Sustainability Bonds, with a minimum aggregate issue size of Php5 billion.
This follows the bank’s previous successful sustainability bond issues of Php52.7 billion in January 2022 and Php63.3 billion in January 2024.
The Securities and Exchange Commission (SEC) confirmed that this issuance meets the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular requirements.
The bonds will have a tenor of one and a half years with a coupon rate of 6.325% per annum. Investors can participate with a minimum investment amount of Php500,000, and additional increments of Php100,000.
The offer period runs from July 8 to 19, 2024, with the issue, settlement, and listing date set for July 24, 2024.
Proceeds from this issuance will finance and refinance eligible assets defined in BDO’s Sustainable Finance Framework and help diversify the bank’s funding sources.
BDO retains the right to adjust the terms and timing of the issuance as needed.
ING Bank N.V., Manila Branch, is the sole arranger, with BDO Unibank, Inc. and ING as the selling agents, and BDO Capital & Investment Corporation serving as the financial advisor.
