BDO Unibank Inc., the Philippines’ largest lender, has shortened the offer period for its fourth peso-denominated ASEAN Sustainability Bonds due to strong demand from both retail and institutional investors.
The offering, originally scheduled to run from July 9 to 22, 2025, closed early on July 14, 2025. The bank plans to raise at least P5 billion from the bond offering.
The bonds have a 1.5-year tenor and carry a coupon rate of 5.875 percent per annum. The issue, settlement and listing date is set for July 29, 2025.
The net proceeds will be used to finance or refinance eligible assets under BDO’s Sustainable Finance Framework, support lending activities, and diversify funding sources.
ING Bank N.V., Manila Branch served as the sole arranger and sustainability coordinator. BDO Unibank and ING acted as selling agents, while BDO Capital & Investment Corp. was the financial advisor.
