BDO Unibank Inc, the country’s largest lender, said Monday it raised P100 billion from its fifth peso-denominated ASEAN sustainability bond issuance following massive investor demand.
The final volume reached 20 times the original P5-billion offer, leading the bank to close the offer period early on Jan 16.
The three-year bonds carry a coupon rate of 5.7125 percent per annum and were listed on the Philippine Dealing & Exchange Corp.
The financial arm of the Sy family said it would use the net proceeds to finance or refinance eligible assets under its Sustainable Finance Framework, diversify its funding sources and support general lending activities.
The Securities and Exchange Commission confirmed the issuance meets ASEAN standards for projects providing environmental and social benefits.
Since January 2022, the bank has raised P386.7 billion through five sustainability bond issuances.
The latest capital raise is slightly lower than the record P115 billion BDO Unibank generated in 2025, which featured a 1.5-year tenor and a 5.875 percent interest rate.
Standard Chartered Bank served as the sole arranger for the deal. BDO Unibank and Standard Chartered were the selling agents, while BDO Capital & Investment Corp. acted as the financial advisor for the transaction.
