BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it has cut short the offer period for its fourth peso-denominated ASEAN Sustainability Bond due to strong investor demand.
Originally set to run from July 9 to July 22, the offer was closed just five days in, citing overwhelming interest from both retail and institutional investors. The minimum offered amount was P5 billion for the green bond.
The bonds carry a tenor of 1.5 years and offer a coupon rate of 5.875 percent. Issue, settlement, and listing are scheduled for July 29, 2025.
Proceeds from the offering will be used to finance or refinance eligible assets in line with BDO’s Sustainable Finance Framework. The funds will support the bank’s lending activities while helping diversify its funding base.
ING Bank N.V., Manila Branch acted as Sole Arranger and Sustainability Coordinator. BDO Unibank and ING served as Selling Agents, with BDO Capital & Investment Corp. as Financial Advisor.
Previous tranches this green bond included P 55.7 billion in July 2024, P63.3 billion in January 2024, and P52.7 billion in January 2022.
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