BDO raises record-breaking P115B in bond issue
The Bank’s fourth ASEAN Sustainability Bond, a record-breaking P115 billion bond issue which saw robust participation from both retail and institutional investors, prompted the early close of the offer period on 14 July 2025, after only four days.
Promoting sustainable finance, BDO Unibank raised P115 billion for its fourth peso-denominated ASEAN Sustainability Bond issue.
Photograph courtesy of BDO
BDO Unibank Inc. (“BDO” or the “Bank”) successfully raised P115 billion for its fourth peso-denominated ASEAN Sustainability Bond issue, 23 times oversubscribed against the original offer of P5 billion.
The public offer period was set to run for two weeks, from 9 to 22 July 2025.
The issuance saw robust participation from both retail and institutional investors, prompting the early close of the offer period on 14 July 2025, after only four days.
The Bank’s latest ASEAN Sustainability Bond has a tenor of one-and-a-half (1.5) years and a coupon rate of 5.875 percent per annum.
The issue, settlement and listing date is on 29 July 2025.
Net proceeds
The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework, support the Bank’s lending activities, and diversify the Bank’s funding sources.
ING Bank N.V., Manila Branch (“ING”) was the Sole Arranger and Sustainability Coordinator, with BDO Unibank, Inc. and ING as Selling Agents, and BDO Capital & Investment Corporation as financial advisor.
Promoting sustainable finance, BDO Unibank raised P115 billion for its fourth peso-denominated ASEAN Sustainability Bond issue.