BDO Unibank Inc. announced Wednesday it raised $500 million from the issuance of five-year fixed-rate senior notes.
The notes, issued under the bank’s medium-term note program, saw investor orders reach about $1.6 billion, making the issuance more than 3.2 times oversubscribed, according to the bank’s disclosure to the stock exchange.
The notes carry an annual coupon rate of 4.375 percent and are expected to be rated “Baa2” by Moody’s. Settlement is scheduled for Dec. 3, 2025.
BDO, controlled by the Sy family, said the fundraising is part of its liability management strategy to secure longer-term funding. The capital will support its lending activities and general corporate purposes.
Standard Chartered Bank served as the sole global coordinator. Standard Chartered, MUFG and Wells Fargo Securities acted as joint bookrunners and joint lead managers for the issuance.
