BDO ends sustainability bond offer ahead of schedule

BDO Unibank Inc. has ended the offer period for its sixth peso-denominated ASEAN Sustainability Bonds ahead of schedule after attracting strong demand from both retail and institutional investors.

Originally set to run from July 9 to 21, the offering closed on July 10, reflecting robust investor interest in the bank’s sustainability-focused investment instrument.

The bonds carry a 1.5-year tenor with a 6.26% annual coupon rate, while the issue, settlement, and listing are scheduled for July 28, 2026.

BDO said the net proceeds will be used to finance or refinance eligible projects under its Sustainable Finance Framework, support lending activities, and diversify the bank’s funding sources.

ING Bank N.V., Manila Branch serves as the sole arranger and sustainability coordinator for the issuance, with BDO and ING acting as selling agents and BDO Capital & Investment Corporation serving as financial advisor.

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