BDO Unibank, Inc. announced that it has closed as of January 16, 2024 the offer period for its second Asean Sustainability Bond issue. The offer was backed by strong demand from both retail and institutional investors, hence the decision to close the offer period a week earlier than the original schedule of January 22, 2024.
The Peso-denominated Sustainability bonds bear a coupon rate of 6.025 percent and are due in one-and-a-half (1.5) years. The issue, settlement, and listing date will be on January 29, 2024.
The net proceeds of the issuance are intended to diversify the bank’s funding sources, and finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework.
Standard Chartered Bank was the issue’s Sole Arranger, while BDO Unibank, Inc. and Standard Chartered Bank were the Selling Agents, and BDO Capital & Investment Corporation was the Financial Advisor
BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.
BDO has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,700 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.
The bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.
BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of September 30, 2023.
