BDO Unibank, Inc. is set to issue Peso-denominated Fixed-Rate Sustainability Bonds with a minimum aggregate issue size of Php5 Billion. This marks the Bank’s third Peso-denominated Sustainability Bond following a Php52.7 billion issue in January 2022 and Php63.3 Billion issue in January 2024.
The Securities and Exchange Commission (SEC) has confirmed that the proposed issuance complies with the requirements set forth under the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular.
The proposed issuance will have a tenor of one-and-a-half (1.5) years and a coupon rate of 6.325% per annum. The minimum investment amount is Php500,000, with additional increments of Php100,000 thereafter. The offer period will run from July 8 to 19, 2024, while the issue, settlement, and listing date will be on July 24, 2024.
The net proceeds of the proposed issuance will be used to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework and diversify the Bank’s funding sources.
BDO reserves the right to amend the terms and the timing of the issuance as it deems necessary.
ING Bank N.V.-Manila Branch, is the sole arranger of the proposed issuance, with BDO Unibank, Inc. and ING as the selling agents, and BDO Capital & Investment Corporation as the financial advisor.
