BDO ends peso sustainability bond offering early due to strong demand

BDO Unibank ended its offering of peso-denominated sustainability bonds a week early due to strong investor demand.

The bond issuance, which was initially scheduled from July 9 to July 22, concluded on July 14 as the bank received robust interest from both retail and institutional investors.

Scheduled for issuance, settlement, and listing on the Philippine Dealing and Exchange Corp. on July 29, these bonds have a coupon rate of 5.875% per annum with a minimum investment amount of P500,000.

BDO plans to use the net proceeds from this bond issue to finance eligible assets as defined in its Sustainable Finance Framework and diversify funding sources, aiming for at least P5 billion but not yet announcing the final size.

ING Bank N.V. Manila Branch acted as the sole arranger, sustainability coordinator, and selling agent for the issuance, while BDO Capital & Investment Corp. served as financial advisor.