BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it P115 billion through its fourth Peso-denominated ASEAN Sustainability Bond issuance, exceeding expectations with a subscription level 23 times higher than its initial P5 billion offering.
Originally set to run from July 9 to 22, the public offer period was cut short and closed on July 14 due to overwhelming demand.
The strong investor interest came from a broad base of both retail and institutional participants, signaling robust market confidence in BDO’s sustainability-linked initiatives.
The bond carries a 1.5-year tenor and offers a fixed annual coupon rate of 5.875 percent. The issue, settlement, and listing date is scheduled for Tuesday, July 29.
Proceeds from the green bond issue will be used to finance or refinance eligible green and social projects in line with BDO’s Sustainable Finance Framework. The funds will also support the Sy Group-controlled bank’s lending operations and help diversify its funding sources.
ING Bank N.V., Manila Branch served as Sole arranger and sustainability coordinator for the green bond offering. BDO Unibank and ING acted as Selling Agents, while BDO Capital & Investment Corp. was the financial advisor.
The bond sale is another step in BDO’s strategic efforts to align capital-raising activities with sustainable development goals and responsible financing principles.
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