Philippine National Bank (PNB) has set the interest rates for its planned P3-billion public offering of sustainability bonds, with proceeds earmarked to finance or refinance eligible projects under its Sustainable Financing Framework.
The offering, which can be upsized based on demand, will run from Nov. 26 to Dec. 2, 2025.
The bank, the financial arm of tycoon Lucio Tan, announced that the 3-year Series A bonds will carry an interest rate of 5.4877 percent per annum, and the 5-year Series B bonds will pay 5.7764 percent per annum.
The bonds are being issued under PNB’s P50-billion bond and commercial paper program. The minimum investment for each series is P100,000, with increments of P50,000 thereafter. The bonds are targeted for issuance, settlement, and listing on the Philippine Dealing & Exchange Corp. on Dec. 11.
“This bond issuance reflects PNB’s commitment to responsible banking and sustainable growth. By channeling funds toward eligible green and social projects under our Sustainability Financing Framework, we aim to create long-term value for our stakeholders while contributing to the country’s sustainable development goals,” said PNB president and chief executive Edwin Bautista.
