BDO Unibank, Inc. disclosed on Monday its plan to issue peso-denominated fixed-rate sustainability bonds with a minimum aggregate issue size of P5 billion to finance the bank's expansion and refinance other assets.
This marks the BDO's third peso-denominated sustainability bond following a P52.7 billion issue in January 2022 and a P63.3 billion issue in January this year.
The Securities and Exchange Commission (SEC) has confirmed that the proposed issuance complies with the requirements set forth under the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular.
The proposed issuance will have a tenor of one-and-a-half (1.5) years and a coupon rate of 6.325% per annum. The minimum investment amount is P500,000, with additional increments of P100,000 after that. The offer period will run from July 8 to 19, while the issue, settlement, and listing date will be July 24.
The net proceeds of the proposed issuance will finance and refinance eligible assets as defined in the bank's Sustainable Finance Framework and diversify the bank's funding sources.
BDO, always mindful of market conditions, reserves the right to amend the terms and the timing of the issuance as it deems necessary, ensuring the best outcome for all stakeholders.
ING Bank N.V., Manila Branch, a trusted name in the industry, is the sole arranger of the proposed issuance. BDO Unibank, Inc. and ING, both reputable selling agents, are involved, with BDO Capital & Investment Corporation, a seasoned financial advisor, also playing a pivotal role.
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