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Writer's pictureBy The Financial District

BDO Shortens Bond Offer On Strong Demand

BDO Unibank, Inc. has announced that it has shortened the offer period for its third Peso-denominated ASEAN Sustainability Bond issue.


BDO's latest ASEAN Sustainability Bonds have a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.325% per annum. I Photo: BDO Unibank Facebook



The offer was originally set to run from July 8 to 19, 2024. Following strong demand from both retail and institutional investors, the Bank decided to close the offer period early, on July 16, 2024.


The latest ASEAN Sustainability Bonds have a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.325% per annum. The issue, settlement, and listing date will be on July 24, 2024.



The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework and diversify the Bank’s funding sources.


ING Bank N.V., Manila Branch (“ING”) was the Sole Arranger, while BDO Unibank, Inc. and ING were the Selling Agents. BDO Capital & Investment Corporation was the Financial Advisor.




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