BDO Unibank Inc. plan a return to the overseas debt market after mandating a group of international banks to organize investor calls for a potential five-year US dollar-denominated bond offering.
The nation’s largest lender appointed Standard Chartered Bank as sole global coordinator, with MUFG and Wells Fargo Securities serving as joint lead managers and joint book runners, to arrange a series of fixed income investor calls starting Nov. 24, 2025.
A US dollar-denominated Regulation S only five-year fixed rate senior unsecured benchmark offering may follow, subject to market conditions, the bank said in a disclosure to the stock exchange Monday.
BDO, which has credit ratings of Baa2 (Stable) from Moody’s and BBB- (Stable) from Fitch, is tapping debt markets to support its lending operations and general corporate purposes.
The notes will not be registered under the US Securities Act of 1933 and will not be offered or sold within the United States.
The bank’s net income in the first nine months of 2025 reached P63.1 billion, a 4-percent increase from P60.6 billion in the same period last year.
Third-quarter net income was P22.4 billion, or 3 percent higher than the P21.76 billion it recorded a year ago. BDO attributed the growth to the sustained performance of its core businesses along with investments in technology and branch expansion.
BDO has a history of tapping both offshore and onshore debt markets. In 2020, the bank raised $600 million from offering fixed rate senior notes as part of its liability management initiatives. In July, it raised a record P115 billion from its latest ASEAN Sustainability Bond offering.
The bank expects the Philippine economy to remain resilient despite global trade uncertainties and local political challenges, supported by stable inflation and strong domestic consumption.
BDO said its solid capital position and diversified business portfolio would help it navigate risks and seize emerging growth opportunities.
