BDO Unibank Inc., the financial arm of the Sy Group, is set to raise at least P5 billion from the issuance of peso-denominated fixed-rate sustainability bonds in July 2025, the bank said Wednesday.
This marks BDO’s fourth peso-denominated sustainability bond offering, following its P55.7-billion issue in July 2024, P63.3 billion in January 2024 and P52.7 billion in January 2022.
The bonds will have a 1.5-year tenor and an interest rate of 5.875 percent per annum.
The offer period will run from July 9 to 22, 2025, with the issue, settlement and listing date set on July 29, 2025.
The Securities and Exchange Commission (SEC) confirmed that the proposed issuance complies with the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular.
“The net proceeds of the issuance will be used to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework, support the Bank’s lending activities and diversify the bank’s funding sources,” BDO said.
The bank said it reserves the right to amend the terms and timing of the issuance if needed.
ING Bank N.V., Manila Branch is the sole arranger and sustainability coordinator. BDO and ING will serve as selling agents, while BDO Capital & Investment Corp. is the financial advisor.
