BDO Unibank, Inc. will again issue Peso-denominated Fixed-Rate Sustainability Bonds with a minimum aggregate issue size of P5 billion. This marks the bank’s second Peso-denominated Sustainability Bond following a successful P52.7 billion issue in January 2022.
The net proceeds of the latest issuance will 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.
The proposed issuance has a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.025 percent per annum. The minimum investment amount is P500,000, with additional increments of P100,000 thereafter.
The offer period will run from January 9 to 22, 2024, while the issue, settlement, and listing date will be on January 29, 2024.
BDO reserves the right to amend the terms and the timing of the issuance as it deems necessary.
Standard Chartered Bank is the Sole Arranger of the proposed issuance, with BDO Unibank, Inc. and Standard Chartered Bank as the Selling Agents, and BDO Capital & Investment Corporation as 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.
