BDO Unibank, Inc. (PSE: BDO) will again issue Peso-denominated Fixed-Rate Sustainability Bonds with a minimum aggregate issue size of PHP5 Billion. This marks the Bank’s second Peso-denominated Sustainability Bond following a successful PHP52.7 Billion issue in January 2022.
The net proceeds of the latest issuance will be used to diversify the Bank’s funding sources, and finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework.
The proposed issuance has a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.025% per annum. The minimum investment amount is PHP500,000, with additional increments of PHP100,000 thereafter. The offer period will run from January 9 to 22, 2024, while the issue, settlement, and listing date will be on January 29, 2024.
BDO reserves the right to amend the terms and the timing of the issuance as it deems necessary.
Standard Chartered Bank is the Sole Arranger of the proposed issuance, with BDO Unibank, Inc. and Standard Chartered Bank as the Selling Agents, and BDO Capital & Investment Corporation as the Financial Advisor.
