BDO targets P5 billion in latest sustainability bond offering

BDO Unibank Inc. is set to raise at least P5 billion through a new peso-denominated fixed-rate Sustainability Bond offering, marking its second sustainability bond issuance this year.

The proposed issuance, which has secured confirmation from the Securities and Exchange Commission (SEC) for compliance with the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular, follows BDO’s P100-billion sustainability bond issue in January 2026.

Since launching its sustainability bond program in January 2022, the bank has raised a total of P386.7 billion through five issuances.

The latest bond offering carries a tenor of 1.5 years with a 6.26% annual coupon rate. The minimum investment is P500,000, with additional investments accepted in increments of P100,000.

The offer period will run from July 9 to 21, 2026, while issue, settlement, and listing are scheduled for July 28, 2026.

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

The bank said it reserves the right to amend the terms and timing of the offering if necessary.

ING Bank N.V., Manila Branch serves as the sole arranger and sustainability coordinator for the issuance, while BDO and ING will act as selling agents. BDO Capital & Investment Corporation is the financial advisor.

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