BDO Unibank, Inc. is heading back to the local debt market with a new issuance of Peso-denominated Fixed-Rate Sustainability Bonds, targeting at least P5 billion in proceeds.
This marks the bank’s fourth foray into the domestic sustainability bond space, following its record issuances of P55.7 billion in July 2024, P63.3 billion in January 2024, and P52.7 billion in January 2022.
The Securities and Exchange Commission has given the green light for the latest offering, confirming its compliance with the ASEAN Sustainability Bond Standards and the local SEC circular governing such instruments.
Set to carry a 1.5-year tenor and an annual coupon rate of 5.875 percent, the bonds will be available for subscription from 9 to 22 July 2025. The minimum investment is set at P500,000, with increments in multiples of P100,000. The issue, settlement, and listing date is slated for 29 July.
BDO said proceeds will be used to finance or refinance eligible assets aligned with its Sustainable Finance Framework. The bank added that the offering also supports its lending activities and broadens its funding base.
ING Bank N.V. Manila Branch serves as the sole arranger and sustainability coordinator, while BDO and ING will act as selling agents. BDO Capital & Investment Corporation has been tapped as financial advisor.
The bank noted it retains the discretion to adjust the terms and schedule of the offer, depending on market conditions.