BDO Unibank Inc. yesterday said it will issue peso-denominated fixed-rate sustainability bonds with a minimum aggregate size of P5 billion as its third issuance off its P365 billion bond program.
In a statement, BDO said the offer period will be from January 10 to 21, 2022, while the issue, settlement, and listing date will be on Jan. 28, 2022.
The proposed issuance has an indicative tenor of two years and a minimum investment amount of P500,000, with additional increments of P100,000 thereafter.
BDO said the net proceeds of the issue are intended “to be used to diversify the bank’s funding sources,and finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework.
“This is the first time that BDO will be issuing a peso-denominated sustainability nond to both institutional and retail investors,” BDO said.
The bank had previously issued a $150 million green bond in 2017, with the International Finance Corp. as the sole investor.
The Securities and Exchange Commission earlier confirmed the qualification of the issue as an Asean Sustainability Bond, having complied with requirements under the Asean Sustainability Bond Standards and the SEC Asean Sustainability Bond Circular.
Standard Chartered Bank is the sole arranger of the proposed issuance, while BDO Unibank Inc, BDO Private Bank, Inc., and Standard Chartered Bank are the selling agents of the proposed issuance. BDO Capital & Investment Corporation is the Financial Advisor of the proposed issuance.
