2024 January – BDO Unibank, Inc. (the “Bank”) announced that it has closed as of yesterday January 16, 2024 the offer period for its second ASEAN Sustainability Bond issue. The offer was backed by strong demand from both retail and institutional investors, hence the decision to close the offer period a week earlier than the original schedule of January 22, 2024.

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 will be on January 29, 2024.

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

Standard Chartered Bank was the issue’s Sole Arranger, while BDO Unibank, Inc. and Standard Chartered Bank were the Selling Agents, and BDO Capital & Investment Corporation was the Financial Advisor.

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