Philippine National Bank (PNB) has made its first domestic bond market return since 2019, raising P15.7 billion through a dual-tranche ASEAN Sustainability bond issuance. The sale, under PNB’s P50 billion bond and commercial paper program, was over five times oversubscribed, reflecting strong demand from both institutional and retail investors.
PNB sold P10.88 billion of 3-year Series A bonds due 2028 at 5.49 percent interest per year and P4.82 billion of 5-year Series B bonds due 2030 at 5.78 percent interest per year. The bonds require a minimum investment of P100,000.
Proceeds from the bonds will fund projects under PNB’s Sustainable Financing Framework, aligned with ASEAN Sustainability bond standards, underscoring the bank’s commitment to sustainable growth.
The bonds were listed on the Philippine Dealing & Exchange Corp. (PDEx) on December 11, 2025. PNB Capital, ING Bank, and Standard Chartered Bank acted as joint lead arrangers and bookrunners.
Investors are reminded that the bonds are not SEC-registered, are not deposit instruments, and are not insured by the Philippine Deposit Insurance Corp.
