Philippine National Bank (PNB), the country’s eighth-largest lender by assets, is set to raise at least P3 billion through a dual-tranche, peso-denominated sustainability bond issuance—the debut series under its P50-billion Bond and Commercial Paper Program.
The 3-year and 5-year fixed-rate bonds, with an option to upsize, will be offered to the public from November 26 to December 2, and are slated for issuance and listing on the Philippine Dealing and Exchange Corp. on December 11.
Proceeds will finance or refinance eligible green and social projects under PNB’s Sustainability Financing Framework, aligned with the ASEAN Sustainability Bond Standards, pending confirmation from the Securities and Exchange Commission (SEC).
“This bond issuance reflects PNB’s commitment to responsible banking and sustainable growth,” said PNB President and CEO Edwin Bautista, emphasizing that the initiative supports both stakeholder value and national sustainable development goals.
The offering follows a strong financial showing from the bank, which reported a 23 percent year-on-year profit growth for the first nine months of 2025 — signaling PNB’s momentum in expanding its sustainable financing portfolio.
PNB Capital and Investment Corp., along with ING Bank N.V., Manila Branch, and Standard Chartered Bank, will serve as Joint Lead Arrangers and Bookrunners, and will also act as Selling Agents.
PNB and its partners reserve the right to amend terms and timelines depending on market conditions and management discretion.
