BDO Unibank Inc., the country’s largest lender by assets, said Monday it raised P63.3 billion from the sale of its second ASEAN Sustainability Bond, its largest single bond issue.
The bond issue was 12 times more than the original offer of P5 billion due to strong demand from retail and institutional investors, with a rapid build-up in orders resulting in the shortening of the offer period by a week to 16 January, BDO said.
The peso-denominated Sustainability Bonds bear a coupon rate of 6.025 percent due in one-and-a-half (1.5) years. It was listed today, Monday, at the Philippine Dealing and Exchange Corp.
“This marks the bank’s largest single issuance, surpassing its first ASEAN Sustainability Bonds issue in January 2022 amounting to P52.7 billion,” BDO added.
The bank said net proceeds from the issuance are intended to diversify the bank’s funding sources, and finance or refinance eligible assets as defined in the BDO’s Sustainable Finance Framework.
Standard Chartered Bank was the issue’s sole arranger while BDO Unibank, Inc. and Standard Chartered Bank were the selling agents. BDO Capital & Investment Corp. was the financial advisor.
