BDO Unibank Inc. announced yesterday the start of its public offering of P5-billion peso-denominated fixed-rate Asean Sustainability Bonds as the bank’s third issuance under its P365 -billion Bond Program.
The net proceeds of the issue are intended to diversify the bank’s funding sources, and finance/refinance eligible assets under the Bank’s Sustainable Finance Framework.
The bonds have a tenor of two years and a fixed rate of 2.9 percent per annum. Interest is payable quarterly, calculated on a 30/360 basis. The minimum investment amount is P500,000 with increments of P100,000.
The offer period will run from January 10 to 21, 2022, while the issue, settlement, and listing date is set for Jan. 28, 2022. However, the bank reserves the right to adjust the timing of the offer.
Standard Chartered Bank is the sole arranger, while BDO Unibank, BDO Private Bank Inc. and Standard Chartered Bank are the selling agents of the proposed issue. BDO Capital & Investment Corp. is the financial advisor of the proposed issue.
