BDO Unibank Inc. (BDO) moved to close the offer period for its fifth Peso-denominated ASEAN Sustainability Bonds three days ahead of schedule due to strong demand from both retail and institutional investors.

“Following strong demand, we decided to close the offer period early on 16 January,” the Sy-led bank said in a stock exchange disclosure on Wednesday.

BDO is set to raise at least P5 billion from its latest peso-denominated fixed-rate sustainability bond, its fifth ASEAN Sustainability Bond issuance.

The three-year bonds carry a 5.7125 percent annual coupon and will settle and list on 26 January.

BDO’s push into sustainable finance

Proceeds will finance or refinance sustainable assets, support lending, and diversify funding — underscoring BDO’s push into sustainable finance amid rising investor demand.

The new issuance builds on the P286.7 billion the bank has raised from four similar bonds since 2022.

To recall, BDO posted a four percent rise in net income to P63.1 billion for January to September last year, driven by strong core business performance and investments in technology and branch expansion.