BDO Unibank, Inc., the Philippines’ largest lender by assets, said Tuesday it will again issue peso-denominated fixed-rate Sustainability Bonds with a minimum aggregate issue size of P5 billion.
The proposed bond issue marks BDO’s second peso-denominated Sustainability Bond following a successful P52.7 billion issue in January last year.
BDO said proceeds of the latest bond issuance will be used to diversify its funding sources, and finance or refinance eligible assets as defined in the lender’s Sustainable Finance Framework.
The bond will have a maturity of one-and-a-half 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 bond offer period starts Tuesday and will close on Jan. 22, while the issue, settlement, and listing date will be on 29 January. 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 sustainability bond, with BDO and Standard Chartered Bank as the selling agents. BDO Capital & Investment Corp. is the financial advisor to the bond issue.
