BDO issues P5 billion sustainability-linked bonds

BDO Unibank Inc., led by the Sy family, is issuing sustainability-linked bonds worth at least P5 billion in the debt market from July 9 to July 22, with issuance scheduled for July 29.

The one-and-a-half-year notes carry an annual interest rate of 5.875 percent and can be purchased starting from a minimum investment of P500,000.

Proceeds will fund eligible assets under BDO's Sustainable Finance Framework, support lending activities, and diversify funding sources; previous issues raised P52.7 billion in January 2022, P63.3 billion in January 14, and P55.7 billion in July 2024.

BDO’s latest issuance is part of its ongoing efforts to support 'green' projects such as renewable energy initiatives like the partnership with ACEN Corp for a P12.04-billion onshore wind power project.

The Sustainability Bond offering complies with ASEAN Sustainability Bond Standards and SEC's ASEAN Sustainability Bond Circular, reflecting BDO’s commitment to sustainable finance practices.