The Sy family-controlled BDO Unibank Inc. said it has no immediate plans of offering another tranche of peso-denominated sustainability-linked bonds this year, after recently raising P115 billion to finance or refinance green and social projects.
BDO, the country’s biggest bank, offered its fourth Asean sustainability bonds on July 9 to 22.
It is now expected to launch its fifth Asean sustainability bonds in 2026.
“No plans at the moment,” BDO said over the weekend.
In 2024, BDO issued two green bonds amounting to P119 billion: P63.3 billion in January and P55.7 billion in July.
Given a fresh P115 billion for lending to eligible assets, the bank said it will only go back to the market after it has utilized the entire amount.
“We have to fully deploy first the proceeds from this issuance before we even consider a subsequent issue,” the bank said in an email.
The Asean sustainability bonds, developed by the Asean Capital Markets Forum, is a type of investment instrument that upholds the issuer’s sustainability or environmental, social and governance (ESG) objectives.
Over a period of 15 years, BDO has financed P1.04 trillion of sustainable projects in the country, mostly energy and infrastructure, under its Sustainable Finance Program.
The bank’s fourth sustainability bond issue is 23 times oversubscribed against the initial offer of only P5 billion, with strong demand from both retail and institutional investors.
BDO’s green bonds have fixed rates, a tenor of 1.5 years, and a coupon rate of 5.875 percent per annum.
BDO reported a net income of P40.6 billion in the first six months of 2025, up 3 percent from the same time last year of P39.4 billion.
The bank said it has enough capital and a well-diversified business to manage emerging external risks, such as trade and geopolitical tensions.
