BDO Unibank, Inc. (“BDO” or “the Bank”) has successfully completed its P60 billion (approximately USD1.2 billion) rights offering (the “Offer”) of common shares (the “Rights Shares”) following the close of the offer period on 24 January 2017. This represents another milestone for the Bank, with the transaction considered as the largest equity capital markets transaction by a Philippine corporate entity to-date.

The Offer saw strong participation from the Bank’s domestic and international investors and was oversubscribed. At the listing date, a total of 716,402,886 Rights Shares are expected to be issued at a price of P83.75 each. The listing of the Rights Shares on the Philippine Stock Exchange is scheduled for 31 January 2017.

The Offer strengthens BDO’s Common Equity Tier 1 Capital, and supports the Bank’s medium-term growth objectives amid the country’s favorable macroeconomic prospects. Additionally, this provides a comfortable buffer over higher capital requirements with the imposition of the Domestic Systemically Important Bank (DSIB) surcharge.

Credit Suisse, UBS and BDO Capital served as Joint Global Coordinators and together with the Joint Global Coordinators, Citigroup, Goldman Sachs and HSBC acted as Joint Bookrunners. BDO Capital served as Issue Manager and Domestic Underwriter.

About BDO
BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.

BDO has one of the largest distribution networks, with more than 1,100 operating branches and over 3,600 ATMs nationwide. It also has 26 overseas remittance and representative offices (including one full service branch in Hong Kong) in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of 30 September 2016. For more information, please visit www.bdo.com.ph.

This information does not constitute an offer of securities for sale in the United States or elsewhere. The shares of BDO, including the Rights Shares, have not and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, in the United States unless registered under the Securities Act or pursuant to an exemption from such registration or in a transaction not subject to the registration requirements of the Securities Act and in accordance with any applicable securities laws of any state of the United States and all other jurisdictions outside of the Republic of the Philippines. There will be no public offer of the shares of BDO, including the Rights Shares, in the United States.