BDO Unibank, Inc. (“BDO” or the “Bank”) successfully raised PHP 115 billion for its fourth Peso-denominated ASEAN Sustainability Bond issue, twenty-three times oversubscribed against the original offer of PHP 5 billion. The public offer period was set to run for two weeks, from July 9 to 22, 2025. The issuance saw robust participation from both retail and institutional investors, that prompted the early close of the offer period on 14 July 2025, after only four days.
The Bank’s latest ASEAN Sustainability Bond has a tenor of one-and-a-half (1.5) years and a coupon rate of 5.875% per annum. The issue, settlement, and listing date is on 29 July 2025.
The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework, support the Bank’s lending activities, and diversify the Bank’s funding sources. ING Bank N.V., Manila Branch (“ING”) was the Sole Arranger and Sustainability Coordinator, with BDO Unibank, Inc. and ING as Selling Agents, and BDO Capital & Investment Corporation as Financial Advisor.
