Daily TribuneThe bank raised P100 billion — 20 times the original offer of P5 billion. ‘This issuance reinforces BDO’s commitment to sustainable financing while broadening our funding sources.’
CHAMPIONING sustainability BDO Unibank raised P100 billion for its fifth peso-denominated ASEAN Sustainability Bonds issue, 20 times oversubscribed against the original offer of P5 billion.
Photograph courtesy of BDO
BDO Unibank Inc. is well on its way to expanding its sustainable finance footprint after successfully raising P100 billion from its fifth peso-denominated ASEAN Sustainability Bonds, 20 times the original offer of P5 billion.
The Sy Family-led bank said Monday that strong demand from both retail and institutional investors led to the early closing of the offer on 16 January.
“This issuance reinforces BDO’s commitment to sustainable financing while broadening our funding sources,” the bank said.
Proceeds to support
BDO’s lending activities
The latest bond has a three-year tenor and a 5.7125 percent annual coupon rate. Proceeds will support BDO’s lending activities and finance or refinance eligible assets under the Bank’s Sustainable Finance Framework.
Standard Chartered Bank served as the sole arranger, with BDO Unibank and Standard Chartered as selling agents, and BDO Capital & Investment Corp. as financial advisor.
