2024 January – BDO Unibank, Inc. (the “Bank”) successfully raised PHP63.3 billion in its second ASEAN Sustainability Bond issue, exceeding the original offer of PHP5 billion by more than twelve times.

The issuance was backed by strong demand from retail and institutional investors, with a rapid build-up in orders resulting in the shortening of the offer period by a week to January 16, 2024.

This marks the Bank’s largest single issuance, surpassing its first ASEAN Sustainability Bonds issue in January 2022 amounting to PHP52.7 billion.

The Peso-denominated Sustainability bonds bear a coupon rate of 6.025% and are due in one-and-a-half (1.5) years. The issue, settlement, and listing date is on January 29, 2024.

The net proceeds of the issuance are intended to diversify the Bank’s funding sources, and finance/refinance eligible assets as defined in the Bank’s Sustainable Finance Framework.

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• BDO raises PHP52.7 billion in ASEAN Sustainability Bonds